KAR Auction Services' TradeRev has named several associates to executive roles and expanded the responsibilities of Keith Crerar, executive vice president, the company has announced.
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KAR Auction Services, Inc. has acquired the remaining 50% stake in TradeRev, a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions, for $50 million in cash and an additional $75 million over the next four years contingent on certain terms and conditions, according to a company announcement.
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TradeRev has eliminated monthly subscription fees for U.S. car dealers, which will allow users to participate in as many one-hour vehicle auctions as they’d like, and only pay fees for completed transactions, the auction portal announced.
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KAR Auction Services has extended up to $15 million in credit to Toronto-based Nth Gen Software to expand TradeRev, an online dealer-to-dealer auction portal, the company announced March 16.
Read More →TradeRev has hired Julie Derybowski, Sachin Bhalla, and Cara Gray to its leadership team.
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Members of the KAR Auction Services group of companies will auction off an ivory white 2015 Chrysler 300 Limited for charity during the NIADA Convention and Expo.
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TradeRev, a mobile vehicle appraisal and auctioning app for dealers, has hired Jason McClenahan as its regional sales director for the northeast region.
Read More →TradeRev unveiled their updated online vehicle remarketing system, which now comes equipped with a new lineup of features including vehicle analytics.
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KAR Auction Services and TradeRev announced that Keith Crerar has been hired by TradeRev as the EVP of the company's U.S. operations.
Read More →TradeRev and ADESA Vancouver, a business unit of KAR Auction Services, Inc., announced an exclusive used-vehicle trade-in partnership with OpenRoad Auto Group, an automotive retail group in Canada.
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