TradeRev announced on Tuesday that New York state, Pennsylvania and Dallas auto dealers will now have access to its real-time car auction mobile app that allows dealer users to create a live appraisal auction at any time.
“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,” Keith Crerar, executive vice president of TradeRev USA, said in a news release. “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.”
TradeRev said the live and open bidding mobile app is designed to simplify the resale process as well as create transparency between parties.
After a dealer posts a vehicle on the app, it will broadcast to all TradeRev user dealers and can begin generating live bids within minutes.
The platform aims to bring in bids and offers as soon as a vehicle goes up, it uses text, mobile and e-mail alerts to notify potential buyers of new auctions and auction status.
Auctions on the app stay active for one hour.
"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.”
The TradeRev app is available on iOS, Android and desktops.