LAS VEGAS — AutoLoop announced at NADA 2018 the acquisition of Trade-In Valet, a vehicle appraisal tool for auto dealership websites, Trade-In Valet increases traffic, sales, and CSI by delivering guaranteed cash trade-in offers through a quick, four-step process, according to AutoLoop CEO Steve Anderson.

“I’ve never seen a product like Trade-In Valet produce this much ROI for dealers, so I’m excited to offer it to our customers,” Anderson said. “By adding Trade-In Valet to our already-robust AutoLoop Sales and Service Suite, we will fill in the industry gap to deliver an all-encompassing solution for modern dealerships.”

Customers access Trade-In Valet by using a simple online appraisal tool on the dealer’s website. Using the data entered by the consumer, Trade-In Valet’s appraisal professionals then deliver a precise, guaranteed offer directly to the consumer.

“Our dealers will now have access to the largest live appraisal desk of its kind to hold more deals together,” Anderson says. “We can now walk hand-in-hand with every appraisal a dealer does, offering the confidence they need to transact. The acquisition of Trade-In Valet strategically aligns with AutoLoop’s existing solutions and long-term objective of solving daily dealership challenges.”

“Some of the challenges dealers face today include diminished customer trust in a dealer and disconnected goals between the new and used sales managers,” AutoLoop CPO Matt Rodeghero said. “Trade-In Valet uniquely addresses these challenges by providing customers with an accurate — and guaranteed — value for their vehicle from a live, third-party appraiser. And it allows dealers to create the inventory mix that works for them, because Trade-In Valet buys back any vehicle that they can’t sell or isn’t the most profitable for their market.”

Visit AutoLoop at Booth 5038C at the NADA convention in Las Vegas.

Originally posted on F&I and Showroom