2trde offers a multichannel platform that enables B2B car dealers to auction vehicles simultaneously across 10 different auction houses, significantly increasing visibility and potential bids. By automating data collection and enhancing vehicle information, the platform reduces auction processing time from 30 days to an average of 7 days, while cutting costs by approximately 65%.
Funding
$7.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AVAPAFounders
Product
Problem
The current B2B process of remarketing used cars is inefficient, as car dealerships often rely on manual data entry across multiple auction platforms. This process is time-consuming, prone to errors, and fails to capture the full value of vehicle features, resulting in lost revenue.
Solution
2trde provides a multichannel platform designed to streamline and optimize the B2B car auction process for dealerships. The platform enables simultaneous auctions across multiple auction houses, increasing vehicle visibility and bid potential. By automating data collection and leveraging manufacturer databases, 2trde enriches vehicle information, ensuring accurate representation of features and options. This intelligent data enhancement allows for precise pricing and reduces discrepancies, leading to fewer reclamations and higher sales prices. The platform reduces processing time and costs by providing efficient workflows from vehicle entry to sale.
Target Audience
The primary target audience includes car dealerships, fleet managers, and leasing companies seeking to improve efficiency and profitability in used car remarketing.
Features
- Multichannel auctioning across 10 different auction houses simultaneously
- Automated data collection from various sources, including DMS, existing appraisals, and a dedicated mobile app
- Intelligent data enrichment using VIN data and official data from motor vehicle agencies
- Integration with established appraisers for standardized vehicle assessments
- Market insights and price predictions based on historical sales data
- Streamlined logistics, including vehicle pickup and transport
- Centralized marketplace for managing vehicle data and auction processes
- Claims management to reduce discrepancies