TradeRev is an online automotive remarketing system where dealers can launch and participate in real-time vehicle auctions at any time from their mobile devices or desktop. It allows Sellers to obtain instant bids while the retail customer is sitting in the showroom by providing a private, customized network for Buyers and Sellers that quickly and efficiently moves fresh trades.
We believe when it comes to buying a car, everyone should come out a winner. That’s why we’ve created the world’s first transparent automotive exchange, where every transaction plays out in the open for all to see and where both buyers and sellers are equally set up to win. Because we think, in the end, people should not only trust the automotive purchase process, but actually get excited about it.
Covering Canada from coast-to-coast, TradeRev has the largest dealer network with thousands of active users across the nation. To ensure both Buyers and Sellers will find the best remarketing opportunities on TradeRev, our network is proportionally mixed between Independent and Franchise dealers.
Becoming a TradeRev dealer is easy. Just follow three simple steps:
To ensure our dealer network is full of highly qualified and trustworthy members, the sign-up process requires basic information like company info, Electronic Funds Transfer info, Auction Access Number and signatures on our Terms & Conditions. This step usually takes about 10 minutes, and once completed, the dealer will be active on TradeRev within 24 hours.
TradeRev’s platform was built to perform its best on smartphones and desktop. The system provides a friendly user experience on several platforms, including iOS, Android, MacOS and Windows. The mobile app supports the current and previous operating system for iPhone and Android devices that run Lollipop 5.0 and above. Using TradeRev on desktop is best experienced with the Google Chrome browser.
After you become a TradeRev approved dealer, we will send you the information for your first sign in. Then, you will be able to access your account and start bidding and listing cars with your mobile devices using the TradeRev App (available in the App Store and Google Play), or from your browser using our web app. The account’s administrator and accountant will also gain access to settings, from where you will be able to manage contact info, users, billing and more.
If you forget your password, you can visit app.traderev.com, enter your username, click “Continue” and on the following page click “Forgot Password?”. We will then guide you through the process of setting up a new password. Alternatively, you can contact a member of our Dealer Success crew at email@example.com to help you.
Listing a car on TradeRev is intuitive and easy. Follow six simple steps and the process can be completed in less than 10 minutes, no guesswork required. You will have the convenience of creating trades directly from the parking lot with our user-friendly mobile interface. Trades can also be created on your desktop. Listing cars on the Upcoming feature will save you time and increase visibility on trades 24 hours before they go live.
TradeRev approved dealers across Canada can bid on listed cars. Buyers will receive customized notifications every time a new auction launches and can then start bidding. That means your trades will potentially be watched by every Buyer in the country. Buyers can create filters so they only receive notifications about cars they’re interested in. It’s all part of creating the best experience possible for our users.
Live auctions can go up to 45 or 55 minutes. This time is randomized to prevent strategic last-minute bids and ensure fair trading. Auctions happen throughout the day, 7 days a week.
After the live auction, the Seller has 1 business days to decide whether they want to accept the highest offer or negotiate with the highest bidder. The versatility of TradeRev allows the live auction to also be used as an appraisal platform, where the dealer can get market value while allowing a retail customer to decide on their purchase.
TradeRev allows dealers to create their own private and open selling networks. A member of our Dealer Success crew can help you manage these networks to ensure you are doing business with the right dealers for you. You can reach our Dealer Success crew at firstname.lastname@example.org.
TradeRev was built to be simple and convenient. Bids can be placed manually or with proxies to allow dealers to carry on with their daily business without missing a vehicle. Buyers can also preview trades before they go live through the Upcoming feature, a valuable research tool to further ease the buying process.
We wanted to create a marketplace where you feel comfortable closing deals with dealers you aren’t familiar with. Therefore, both Buyers and Sellers rate their transactions through TradeRev marketplace, so each dealer will have a score based on their TradeRev activity. In terms of policies, TradeRev follows the same guidelines as the NAAA.
TradeRev has an internal team fully dedicated to mediation. This team offers free service in the event of any concerns regarding a car bought through TradeRev.
We are a 100% EFT-mandatory platform because we believe convenience and trust work together. This allows us to ensure payments are quick, efficient and guaranteed on every sale. Other than EFT (direct debit from your bank account), TradeRev dealers can also transfer funds from floorplan financing (AFC and NextGear). By doing this, we guarantee payments within 2 business days* for TradeRev Pro customers.
* From the time the vehicle is lien-free and ownership is received
TradeRev serves dealers of all sizes – from one rooftop to hundreds. We believe there’s no one better than you to decide which plan is best for your business and ambitions. We created a simple tool that calculates how much you will roughly spend with TradeRev based on your simulated buying and/or selling activity. Based on the results, you’ll be able to confidently decide between our Standard and Pro plan.