New App Reveals Used Car Dealers Wholesale Price


New York, NY (PRWEB) July 17, 2013

Vinny, a new app poised to disrupt the auto market has raised $ 400k from investors in a 5 day Angel round across 6 states.

“With the Vinny app, buyers just scan the vehicle’s VIN barcode and, within seconds, they’re able to see the dealer’s cost for that car. This is Vinny’s Price and it’s like having a secret weapon. With Vinny’s Price, that big white number that the dealer is asking for suddenly becomes very negotiable,” said Alex Kiss, co-founder of Vinny.

“When David stepped up to take on the mighty Goliath, he probably felt a lot like people today who have to go used car shopping. It was just him versus an almost insurmountable force. And like the Philistine giant of old, the price scrawled across a used car’s windshield in white shoe polish seems to greet prospective buyers with mocking laughter and derision. After all, what can they possibly do to defend themselves, even though the that price is a few thousand dollars more than what they should be paying. The only option they have is to fight, and fight hard… or, at least that’s how it used to be.” said Marvin Chase, co-founder of Vinny.

Vinny’s Price is formulated using data collected by monitoring thousands of used car transactions across the country every day. These figures are then entered into sophisticated statistical algorithms and calculated within seconds of scanning. In addition to this price, the app also provides full specifications on the car, a summary of the book/retail listings for similar cars, and inexpensive access to a vehicle history report ($ 4.99 with Vinny vs $ 40+ for Carfax).

The founders behind Vinny all hail from the world of finance, and one goal that they share is a desire for transparency in the used car market. “Information is power, and that power should belong in the hands of the people. Vinny was created with the car buyer in mind,” said Alex Kiss.

The average markup on a used car is $ 2,400, and only $ 700 on a new car. This disparity exists because the wholesale cost of used cars is unavailable to the consumer, yet freely available to the dealer community. This is the true definition of information asymmetry. “So, those who don’t want to pay an extra $ 2,400 on their next used automobile purchase can download Vinny and start negotiating like professionals. After all, even David needed his sling,” Said Marvin Chase.







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Austin, TX (PRWEB) April 18, 2013

The question of whether or not to engage in social media in a heavily referral-based industry like employee benefit consulting is always a challenge for business owners. The fact that a website is not intended for online sales makes firms question the true need for social media like Facebook, LinkedIn, and Twitter. Now, AOR Technology is releasing a new solution that takes the guesswork out of this decision and handles the entire process so the client is free to focus on their core business.

Benefit agencies can effectively utilize social media in a variety of ways when they understand that value lies in constant and effective communication that creates new and stronger relationships. Effective campaigns often include a large net of resources put together to engage clients and prospects from the website, social media, blogging, email campaigns and SEO work behind the scenes. AOR Technology includes all of these services in its new eMarketing package, which is now available to its clients.

An example of the kind of behind-the-scenes knowledge and services AOR Technology provides is found in the following tip: An easy way to understand how your website and business can benefit from these solutions is to relate it to getting found on the Internet when someone does a Google search. Being found on the first page of Google is very much a popularity contest that requires regular and deliberate steps that gets Google’s attention and wins brownie points with time. Having a social media account like Facebook does not in itself win points, the golden number is having a Facebook page with at least 75 “Likes”. At this point, Google recognizes you are an established company with real followers and not just a garage business with close friends and family as its only followers!

Benefit agencies can leverage these tools to effectively communicate healthcare reform, changes in benefit options, and more if they have a strategy and understand why they have these solutions in the first place. And AOR Technology’s eMarketing package can help this process.

AOR Technology is a leading benefits technology firm that only works with employee benefit and P&C professionals to help them make sense of these tools and how they relate to our unique and changing industry. “Many agencies worry so much about not being power users at social media but forget you need to take the small but very important steps first,” says Jeff Hill, CEO, AOR Technology. “Making sure your company website is impactful and easy to navigate is the first step…everything you do with social media feeds your website, so make sure it’s solid!” To accomplish this, utilize various resources like crowd-sourcing for site design, content writing support, and guidance on benefits technology – all key services provided by AOR Technology.

About AOR Technology

AOR Technology, Inc. custom designs Human Resources and benefits portals that simplify management, lower barriers to access, and promote effective communications. AOR Technology works with brokers and their employer groups to centralize benefits, payroll, and wellness resources on a single platform, which is accessible via a single sign-on feature, making critical information instantly available from any desktop, laptop, tablet, or mobile device with Internet connectivity. For more information, visit http://www.aortechnology.com.

For editorial information, contact:

Jarod Onthank

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