Ekho Dealer
Ekho Dealer, previously known as Ekho and AirDealer, is a B2B company based in New York, NY, specializing in supply chain and logistics for the automotive industry. It offers a comprehensive online vehicle sales platform that supports everything from financing to delivery, catering to OEMs in the U.S. and Canada.
Company Overview
Ekho Dealer, formerly known as Ekho and AirDealer, is a B2B company located in New York, NY, USA. It operates within the supply chain and logistics sector. Ekho Dealer offers a full-stack solution that enables OEMs to compliantly sell vehicles directly through their websites, covering a wide range of services from financing to delivery. The team is composed of three members and the company serves regions across the United States and Canada. Ekho Dealer is backed by Y Combinator, having participated in the S22 batch.
Services Offered
Ekho Dealer provides a comprehensive online vehicle purchase process. This includes financing options for various credit scores, from 12 to 84-month terms, and services such as insurance, titling, registration, and delivery scheduling. The company offers low markups and zero fixed costs for OEMs, promoting an efficient and simple integration process with a one-time implementation fee. Additionally, Ekho Dealer supports seamless e-commerce integration with pre-built plugins for various platforms or native website support. Customers can book a demo through the company's website to experience the system.
Online Vehicle Purchase Process
The online vehicle purchase process facilitated by Ekho Dealer allows buyers to complete the entire transaction online. Buyers can finance, register, title, insure, and schedule the delivery of their vehicles without visiting a dealership. The paperwork, including title and registration, is mailed to the buyer, streamlining the entire process. This approach not only provides convenience to customers but also results in a significant savings of over 15% in margin when compared to traditional distribution methods.
Challenges Solved by Ekho Dealer
Ekho Dealer addresses several challenges associated with traditional dealership models and the complexities of OEMs acting as their own dealers. Traditional models often face high markup per vehicle, long prospecting and onboarding times, and significant costs. Conversely, OEMs acting as their own dealers encounter high setup and support costs, lengthy licensing processes, and legal complexities. Ekho Dealer's solution mitigates these issues by promoting a low markup and a simple, one-time setup to enable instant market coverage.