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.
Partnership to Extend Trusted Financing Solutions and Accelerate Digital Transformation for NIADA Members
New Suite of Machine Learning and Imaging Capabilities Further Empowers Dealers
Creates Seamless End-To-End Buying and Selling Experience for Dealers
CARMEL, Ind. – Oct. 19, 2017 – TradeRev, a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions, announced several sales team promotions and additions. The announcement follows the recent acquisition of TradeRev by global vehicle auction and technology solutions provider KAR Auction Services (NYSE: KAR). The changes are aimed at accelerating TradeRev’s market expansion and integrating KAR’s capabilities to deliver a more seamless buying and selling experience for TradeRev customers.