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 and Buyers instant access to the freshest trades. Sellers receive instant bids while the retail customer is sitting in the showroom. This provides 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 the US and Canada from coast-to-coast, TradeRev’s fast-growing dealer network has over 15,000 active dealers in North America. 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, payment method info and signatures on our Terms & Conditions. This step usually takes about 10 minutes, and once completed, the dealer will be active on TradeRev within 7 days. If you are signing up with a floorplan payment method, you could be active within hours. If you are signing up to pay via ACH, it may take up to 7 days.
TradeRev’s platform was built to be used on any device that connects to the Internet, such as desktops, tablets and smartphones. The system provides a friendly user experience on several platforms, including iOS, Android and Windows. The mobile app supports iOS 11 and above (for iPhone) and Android devices that run Jellybean 4.2 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.
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.
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 last between 45 and 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 until 11 p.m. local seller time that day 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. Support can help you manage these networks to ensure you are doing business with the right dealers for you. You can reach support at email@example.com.
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.
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 NAAA.
TradeRev follows NAAA arbitration policies. TradeRev has an internal arbitration team fully dedicated to mediation. This team offers free service in the event of any concerns regarding a car bought through TradeRev.
Transport can be added at checkout. CarsArrive Network is fully integrated with our app, so buyers can order transport and track the vehicle in real-time right on their smartphone.
TradeRev handles all payment between the buyers and sellers. This allows us to ensure payments are quick, efficient and guaranteed on every sale. Other than ACH (direct debit from your bank account), TradeRev dealers can also transfer funds from floorplan financing companies.