U.S. migration to BacklotCars offers greater transparency and better outcomes for sellers and buyers.
Any vehicle purchased on TradeRev in the U.S. within 300 miles of the buying dealer will be delivered in three-days or less—Guaranteed.
Creation of Customer Experience Center of Operational Excellence to further optimize the digital buyer and seller journey.
KAR Auction Services will spend $3.75 million to build a new headquarters for its TradeRev division in downtown Indianapolis’ Century building, the former home of Indiana’s first automaker.
TradeRev has brought its digital-driven dealer-to-dealer auction platform to Kansas City and Minneapolis, continuing a nationwide expansion.
The startup added a title concierge service to help dealers secure titles on vehicles purchased through its automotive exchange. The firm also added an account lookup feature so users can track all money movement between sellers and buyers.
KAR Auction Services extended $15 million in credit to TradeRev, the digital auction platform in which KAR acquired a 50% stake in 2014.
Dealers in Dallas and the states of New York and Pennsylvania can now use TradeRev’s mobile app to value trade-ins.
TradeRev, which provides a live vehicle-appraisal and auctioning app, announced the appointment of new regional directors. Taking over the South Central region is Tory Swedlund, while Will Farmer was named director of the Southeast region.
TradeRev announced this week it has expanded into Boston, Connecticut, Rhode Island, New Hampshire, and Maine. The firm is also planning to hire a total of 10 market sales managers in that region.
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