CARMEL, Ind., July 10, 2019 /PRNewswire/ -- TradeRev, a
digital platform that facilitates live, dealer-to-dealer vehicle
auctions, has integrated two new in-app features, Buy Now and Third
Party Inspected, and launched key performance and usability
enhancements. TradeRev, a business unit of global remarketing and
technology solutions provider KAR Auction Services Inc. (NYSE:
KAR), activated the enhancements to enable greater access to
trades, increase buyer confidence and improve the dealer experience
end-to-end.
"With a customer-first mindset, we're constantly innovating and
updating TradeRev's features to ensure we're giving dealers the
best possible tool to reach their business goals," said
Becca Polak, TradeRev president.
"Buy Now opens a second-chance marketplace for buyers and sellers,
while Third Party Inspected gives dealers another layer of trust,
so they can buy with confidence."
Buy Now offers dealers a second, 24-hour opportunity to buy or
sell a vehicle if it wasn't sold in an active auction. Dealers
using the Buy Now feature can purchase the vehicle with a floor
price instantly or make an offer on the vehicle. Buy Now allows
dealers to sell their inventory without having to launch a new
auction and gives buyers the opportunity to purchase a vehicle they
missed the first time.
The Third Party Inspected badge is a visual indicator that
appears next to a trade listing and indicates the vehicle was
inspected by a qualified TradeRev inspector. This differentiator
allows buyers to quickly spot inspected trades and helps assure
them of a consistent, thorough condition report. The Third Party
Inspected badge helps provide dealers with greater confidence in
the listing's accuracy.
Additionally, TradeRev further enhanced its custom filters and
notifications, creating an improved user experience. Now users can
pinpoint their target vehicles more easily and have access to more
notification options, so they never miss a trade.
The new features follow the full integration of TradeRev's
H-Visionâ„ for all users. H-Visionâ„ is an AI-driven image capture
feature that fully automates condition report visualization.
KAR
Contacts
|
|
Media
Inquiries:
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Analyst
Inquiries:
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Gene Rodriguez
Miller
|
Mike
Eliason
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(317)
343-5243
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(317)
249-4559
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gene.rodriguez@karauctionservices.com
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mike.eliason@karauctionservices.com
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About KAR Auction Services
KAR Auction Services (NYSE:
KAR) provides sellers and buyers across the global wholesale used
vehicle industry with innovative, technology-driven remarketing
solutions. KAR's unique end-to-end platform supports whole car,
salvage, financing, logistics and other ancillary and related
services, including the sale of nearly 3.5 million units valued at
over $40 billion through our
auctions. Our integrated physical, online and mobile marketplaces
reduce risk, improve transparency and streamline transactions for
customers in more than 70 countries. Headquartered in Carmel, Ind., KAR has approximately 15,000
employees across the United
States, Canada,
Mexico and Europe. For more information, go to
www.karauctionservices.com. For the latest KAR news, follow us on
Twitter @KARspeaks.
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SOURCE KAR Auction Services Inc.