Scott Esplen is all too familiar with the complaints people have when it comes to selling their used cars to dealerships. Interminably long waits, a lack of transparency and ultimately doubts over whether they’re getting a good deal tend to define the experience for a lot of consumers. Three years ago, Esplen – director of used vehicle operations at Humberview Group – decided to automate the process by incorporating TradeRev, an online system that hosts used car auctions in real time.
Watch how in only six months, TradeRev has helped the owner of Sweethearts Motors save several hours a week and lots of money while consistently turning over her inventory of 300+ cars.
See how TradeRev is helping a dealership in rural Nova Scotia reach huge markets across the country from their small town on the east coast.
Over the last decade, KAR Auction Services has taken the old-school business of auto auctions into the digital era. A big part of that has been the acquisition of Toronto-based Nth Gen Software Inc.—also known as TradeRev—whose software allows auto dealers to buy and sell used cars with one another and analyze transactions.
TradeRev-H, an enhanced version of ADESA’s TradeRev app for one-hour online auctions, seeks to tap machine learning to change how vehicle inspections are done.
New Suite of Machine Learning and Imaging Capabilities Further Empowers Dealers