TradeRev has announced a series of enhancements to its platform to help optimize the buying and selling process at auction.
In terms of optimizing speed, TradeRev will condense its auction time frame from the current one-hour auction and one-hour closing period to a 45-minute auction and 15-minute closing period beginning Feb. 5, 2019.
In terms of optimizing costs, TradeRev announced that it would have flat-fee transportation rates — facilitated in partnership with CarsArrive Network — for U.S. dealers in 2019.
The company is also accelerating its registration process to allow new dealers to register and begin transacting faster.
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