TradeRev Eliminates Fees, Adds Features Featured
18 April 2017
TradeRev announced the elimination of monthly subscription fees for U.S. car dealers. TradeRev users can now launch and participate in unlimited one-hour online vehicle auctions with live, competitive bidding and only pay fees for completed transactions. TradeRev also introduced new personalized “Title Concierge” and “My Account” features and enhanced post-sale services.TradeRev’s new “Title Concierge” service will open a direct line of communication with both parties, contacting sellers immediately after a vehicle is sold and following up until the title is in the buyer’s hands. It will also keep buyers regularly updated on title status to help them better plan and manage their inventory.TradeRev is also adding a “My Account” feature. Using “My Account,” customers can view a summary of their entire TradeRev accounting history on a single, easy-to-read page. The “My Account” tool will track all money movement between sellers and buyers, automatically posting each transaction in real time.TradeRev is also making transporting vehicles between dealers easier and more convenient. Through TradeRev’s mobile app, sellers can now submit Vehicle Release Forms (VRFs) from their phones or tablet devices with the touch of a thumbprint. In the past, sellers were required to download a VRF, then scan and email or fax the form to the transporter. TradeRev has digitized and accelerated this process, allowing submission and review through the TradeRev mobile app.