TradeRev’s Real-Time Car Auction Technology Rolls into Three New U.S. Markets

Dealers in New York, Pennsylvania, and Texas can obtain faster, more transparent true market value for trade-ins

Carmel, IN March 7, 2017 TradeRev, an innovative tech startup focused on streamlining automotive sales between dealers, today announced its entrance into three new U.S. markets—New York, Pennsylvania, and Dallas. Dealers in these markets will now have access to TradeRev’s mobile app solution that simplifies the resale process and creates transparency and trust between buyers and sellers.

“TradeRev creates a simplified, transparent, real-time automotive exchange for dealers, and we are thrilled to bring our technology into New York, Pennsylvania, and Dallas,” said Keith Crerar, executive vice president of TradeRev USA. “These three major automotive markets have highly-concentrated networks of savvy dealers. We look forward to empowering their sales through the TradeRev platform and to expanding our footprint and growth across the U.S.”

Through a simple, intuitive mobile app, TradeRev provides a fast, efficient and accurate way to get true market value for dealer trade-ins. Key features include:

  • Live Appraisal Auction—Dealers can use their smartphone or desktop to create a Live Appraisal Auction at any time. Auctions are broadcast to all TradeRev user dealers and can begin generating live bids within minutes of receiving a trade-in.
  • Sales Tool—TradeRev helps dealers by generating bids and offers before their retail transaction is done through live, open, competitive bidding.
  • Fresh Trades First—TradeRev auctions last one hour and utilize text, mobile ande-mail alerts to notify potential buyers of new auctions and auction status.

“At TradeRev, we believe buyer and seller dealers should both come out winners in vehicle transactions,” added Crerar. “We’re confident our mobile app will help dealers in New York, Pennsylvania, and Dallas price and sell used and trade-in inventory more quickly, accurately and effectively.”

TradeRev’s mobile app is free. Dealers can sign up here and learn more at TradeRev.com.

About TradeRev

TradeRev is a mobile app that facilitates a transparent automotive exchange between used car dealers. Available on iOS, Android and desktops, TradeRev’s real-time car auction technology introduces transparency and efficiency into the car selling transaction by facilitating one-hour, app-based auto auctions. TradeRev helps dealers and dealer networks obtain true market value and close deals faster a broad network of TradRev participating dealers. Backed by KAR Auction Services (NYSE: KAR), TradeRev operates in select markets across the United States, Canada, and the United Kingdom. When it comes to buying a car, everyone should come out a winner. Visit traderev.com today to learn more.

Media Contact

Aaron Caissie, High Road, (416) 644-2269, aaron.caissie@highroad.com

Press Release

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