QualityStocks News - Accelerated Used Car Market is Growing Opportunity for Sparta Commercial Services (SRCO)

QualityStocks would like to highlight Sparta Commercial Services, Inc. (OTCQB: SRCO). Sparta is a New York-based technology company whose subsidiary, Specialty Reports, Inc. offers a wide range of on-line tools and products including mobile applications and information technology products. Sparta offers a full suite of products that solve the challenges of the powersports, recreation, and auto industries. The company is innovative and diversified, and has proven its ability to identify the needs and interests of its targeted markets, as well as develop products and services specifically designed to meet those needs and interests now and well into the future.

In the company’s news:

While new vehicle sales increased for the fourth consecutive year in 2013, franchised car dealers also finished had an impressive performance, selling 15.6 million pre-owned vehicles and setting a new sales record, according to Manheim’s 2014 Used Car Market Report. Independent dealers saw a less impressive 2% increase in used car sales though industry analysts expect growth in 2014 and beyond. Combined, the used car sales market represents incredible opportunity for New York-based Sparta Commercial Services.

Sparta, through its Specialty Reports, Inc. subsidiary, creates, manages and services custom mobile apps for small and medium sized businesses as well as for retail vehicle dealers. The company gathers data from multiple sources, including governmental agencies, to provide current and accurate motor vehicle title history reports to dealers, insurance companies, financial institutions, consumers, and other interested parties.

Reports include VIN decoding, disclosed damage, salvaged or stolen titles and more to give buyers and sellers critical information for wise decision making when it comes to the value and integrity of a used vehicle.

Rather than limiting its reach and focusing solely on cars and trucks, Specialty Reports offers an extended line of history reports for a range of vehicles including motorcycles, recreation vehicles, automobiles, light trucks, and commercial (heavy duty) trucks. The company’s online history report products include Cyclechex.com, a motorcycle vehicle title history report provider; RVchecks.com, a recreational vehicle (RV) title history report provider; CarVinReport.com, an automobile and light truck vehicle title history report provider; and TruckChex.com, a commercial (heavy duty) truck vehicle title history report provider.

Though consumers became more comfortable with the U.S. economy, it doesn’t mean they’re foregoing due diligence on their purchases. Consumers are looking to make wise and informed car buying opportunities, and Sparta’s Specialty Reports is in the prime position to capitalize on this growing need.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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