Dealers electronic exchange

An electronic system for facilitating vehicle sales, for use by a first dealer and a second dealer having respective first and second mobile communication devices, the electronic system comprising:

• a vehicle having specific characteristics associated therewith, including year of manufacture, manufacturer, mileage and condition;
• a membership list including both such first and second dealers;
• a server having an offer module, a response module, a tracking module, a rating module, a profile module, a database module and a narrowcast module programmed thereon;
• the profile module having a first profile associated with such first dealer and a second profile associated with such second dealer;
• the profile including for each such dealer a range of characteristics of vehicles in general in which such dealer is interested, including for each such dealer profile at least one year of manufacture and at least one vehicle manufacturer;
• the database module containing the characteristics of vehicles in general, including year of manufacture, manufacturer, mileage, condition and optional equipment;
• the offer module operative to accept a first communication in the form of an offer of interest from such first dealer, the offer of interest expressing specific characteristics of the vehicle, a first price, and an indication if such first dealer wishes to buy or sell the vehicle;
• the offer module further operative to access the database module and query such first dealer for answers regarding the characteristics of vehicles in general as found in the database module;
• the narrowcast module filtering the offer of interest for characteristics of the vehicle compared to the characteristics of vehicles in general of the second profile of such second dealer, and if the offer of interest passes through the filter, transmitting to such second dealer the specific characteristics of the vehicle;
• the response module allowing such second dealer to respond to such offer of interest, the response including a second price for the vehicle;
• the response module filtering the response for the second price compared to the first price and if the second price meets the first price the response passes through the filter and the response module transmits to such first dealer the response and second price;
• the system having a simultaneous offer of interest limit for each such dealer, the offer of interest limit being a maximum number of offers of interest from each such dealer;
• the system having a timeout period, the timeout period being the maximum amount of time which an offer of interest is allowed to remain system, after which it is automatically removed from the system;
• the offer module further operative to receive all responses and to display them to such first dealer;
• the first dealer being able to freely choose any response and conclude a transaction for the first vehicle outside of the system;
• the tracking module operative to retain offer of interest information about each such dealer in each such dealer's respective profile;
• the tracking module further operative to display to each such dealer statistics concerning outcomes of offers of interest made through the system;
• the ratings module operative to accept and display to all dealers on the membership list ratings of a such first dealer made by such second dealer, such ratings including a rating for the speed of payment and a rating for honesty concerning condition of the vehicle.

The electronic system for facilitating the sale of vehicles of 10, wherein the response module allows such second dealer to make the response by a method selected from the group consisting of:

• response through a computer application, response through a mobile device app, response through a text message, response through an email, response by means of an interactive voice response system, transcription service, operator, and combinations thereof;
• and wherein the response module further comprises:
• a translation module operative to translate the selected method of the response into a desired response type, the desired response type indicated in the first profile of such first dealer, the desired response type also selected from the group consisting of:
• response through a computer application, response through a mobile device app, response through a text message, response through an email, response by means of an interactive voice response system, and combinations thereof.

A method of facilitating the sale of a vehicle, the method comprising the steps of:

• providing a server;
• providing a mobile computing device app;
• accessing via the app a database module on the server containing the characteristics of vehicles in general, including year of manufacture, manufacturer, mileage, and condition;
• entering via the app and by reference to the database module a description of a first vehicle;
• narrowcasting the description of the first vehicle to a second mobile computing device app;
• responding via such second mobile computing device app to such description of the first vehicle;
• compiling all the responses to such description of the first vehicle;
• selecting a response and;
• concluding a transaction for the first vehicle.