TradeRev & ADESA gain exclusive partnerships with 6 dealer groups
As the industry continues to gather for the Auto Remarketing Canada Conference and the Women & Automotive: Canadian Leadership Forum, platinum sponsor TradeRev announced on Tuesday a series of exclusive relationships with some of Canada’s largest dealer groups.
TradRev highlighted the collection includes the Dilawri Group of Companies, AWIN Group, The Humberview Group, Open Road Automotive Group, Weins Canada and The MIERINS Automotive Group.
Officials explained the agreements were signed in partnership with ADESA, a 50-percent stakeholder in TradeRev and business unit of KAR Auction Services. The arrangements make ADESA the exclusive physical auction partner and TradeRev’s mobile app the exclusive online remarketing tool for these large geographically diverse dealerships.
TradeRev chief executive officer and co-founder Mark Endras pointed out the groups represent more than 100 dealerships across Canada and will add tens of thousands of vehicles to the inventory available through TradeRev’s broad network of buyer and seller dealers.
“We’re tremendously proud to have earned the trust and confidence of some of Canada’s largest, most successful and most technologically sophisticated dealer groups,” Endras said. “Today’s news is a big step forward for our company, our mobile app solution and the wholesale used-car industry in Canada.”
TradeRev’s technology is designed to build transparency and convenience into every automotive transaction by placing live, real-time bidding auctions into the palm of dealers’ hands. The company insisted its intuitive, easy-to-use mobile app can provide a fast, efficient and accurate way to obtain true market value for trade-ins and used-vehicle inventory.
With the added volume of vehicles from these agreements, Endras added dealers will have increased access to a broader range of used vehicles that fit their unique dealer profile and business model.
“The ADESA-TradeRev partnership and KAR’s diverse platform of capabilities will provide these progressive dealer groups with a true end-to-end remarketing option,” he said. “This huge value-add is not something that’s typically available at the dealer level.”
ADESA Canada chief client officer Lisa Scott elaborated about the development, saying, “We have strong, longtime partnerships with dealer groups in Canada, and we’re always looking for new, innovative ways to deliver value.
“With our combined services and offerings, we have the ability to streamline the used-vehicle lifecycle and generate better outcomes for dealers,” Scott went on to say.
To learn more about TradeRev’s new Pro and Standard plans go to DealerEndorsed.com.