Officials highlighted on Wednesday that CDK Used Lot Intelligence now will offer live auction capability for dealers as part of a new relationship with TradeRev, a mobile vehicle appraisal and auctioning system for dealers.

The companies explained the new integration can enable dealers to efficiently and effectively receive instant, live bids at the point of vehicle appraisal.

Additionally, dealers can have the ability to auction aged inventory from wherever they are from the palm of their hands.

“Dealers want the ability to have a seamless integration to a virtual auction platform during the appraisal,” said Scott Johnston, director of operations at CDK Global.

“The integration through CDK Used Lot Intelligence gives dealers the flexibility to launch auctions quickly, and start receiving bids within minutes,” Johnston continued. It also provides the dealers with the ability to quickly and profitably move a trade-in or lease return through to auction."

By bringing together two discrete workflows into an efficient process, CDK Used Lot Intelligence and TradeRev can provide buyers with easy access to bids through a custom bidding network established by the dealer or via the open network even before the retail deal is done. All post-sale auction services are provided through TradeRev’s partnership with ADESA, a business unit of KAR Auction Services.

“Since we launched in 2011, TradeRev has been changing the way dealers do business, and we are continuously innovating and looking for new and unique ways to improve our solution and better serve our customers," said Mark Endras, chief executive officer and founder of TradeRev.

“Integrating with CDK Used Lot Intelligence allows us to provide our customers with an even more powerful solution, and we look forward to unlocking new opportunities with this integration,” Endras went on to say.

CDK Global insisted it is the only DMS provider to offer this integration through its Used Lot Intelligence solution.

To learn more about the integration, visit go to www.cdkglobal.com/used-lot-intelligence.