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TradeRev Launches Industry First In-App Innovations in 4.0 Version of Mobile Application

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TORONTO, Dec. 07, 2017 (GLOBE NEWSWIRE) -- TradeRev, a dealer-to-dealer digital mobile auction application, announced its latest release and the most advanced version of its technology platform. TradeRev 4.0 leverages data science and predictive modeling to deploy new features not available on any other digital vehicle auction platform. TradeRev is a business unit of KAR Auction Services, Inc. (NYSE:KAR), and today’s release also integrates KAR capabilities to help dealers complete auction transactions in a single instance, directly from their mobile devices.

“TradeRev has a simple goal – to make buying and selling cars as fast, fair and easy as possible for dealers,” said Becca Polak, president of TradeRev and chief legal officer for KAR Auction Services, Inc. “TradeRev 4.0 supercharges our app with analytics and machine learning and continues to leverage the power of the KAR platform. We’ve simplified the entire in-app auction experience from scheduling, searching and bidding all the way through post-sale services.”

The new TradeRev 4.0 features are available to dealers today, and include the following enhancements:

  • Sellers using the TradeRev Pro subscription service can now Schedule Events for future sales of five or more vehicles up to seven days in advance. TradeRev 4.0 then promotes these events on the app’s “Event Calendar” so prospective buyers can preview, research and prepare for upcoming sales.
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