A new mobile app went live nationwide this week and is designed to give consumers real-time cash offers for their used vehicles from dealers located within their market area.

The developers of CarOffer explained that they work with hand-picked dealers who have been known for their innovative customer service experiences and their commitments to a better, more-efficient vehicle selling process for the consumer.

The product allows dealers to own specific territories exclusively. Dealers license the CarOffer brand in their markets. Based on the consumer’s location, the bid will be routed to the dealer owning that territory to submit an offer.

The CarOffer application had a soft launch at the year’s NADA Convention & Expo. Now available to consumers for free download on iPhone, iPod touch and Android devices.

“I can’t tell you how pleased we are with the soft launch. We’ve already bought many vehicles and anticipate buying a few hundred in St. Louis each and every month. Great program with great execution,” said Pete Fusz, director of used vehicle operations for the Lou Fusz Auto Group.

CarOffer chief executive officer and founder Bruce Thompson believes the tool can tap into unchartered territory and acquire inventory directly from consumers. Chief technology officer Ziad Chartouni shared more details about the tool’s development since the beginning of the year.

“Our initial pilot launch has been tremendously successful,” Chartouni said. “We’ve only opened up about 10 percent of our capacity during the soft launch and the system is generating hundreds of consumer bid requests per day. We anticipate several thousand within the next three to four weeks.

“This is the real deal and it is the answer to acquiring needed inventory directly from the consumer,” Chartouni went on to say.

For more information, visit www.caroffer.com or call (888) 471-0787.