The automotive purchase process is long overdue an overhaul. TradePending is paving new roads to enable online transactions in the future
Durham, NC (PRWEB) February 02, 2015
TradePending announces the launch of the first, anonymous consumer-to-dealer vehicle sales and trade-in platform, tradepending.com. Through the use of real-time market values and a modern web application, the antiquated car buying process has been completely re-imagined.
The TradePending process is simple:
1) Consumers go to tradepending.com and generate a market based vehicle value report - detailing all similar cars for sale by dealers in their local market
2) Consumers can list their vehicle and what replacement vehicle(s) they have in mind and registered dealers can browse the listings within their specific locale
3) Dealers can engage with listings within the TradePending application which masks a consumers personal information (i.e. name, email, or phone number)
4)Consumers can receive multiple offers from dealers within the application and choose one to accept which then generates a Deal Certificate outlining the terms of the deal which then sends the personal information of the consumer to the dealer
“Imagine a world where all 252,000,000 vehicles owned by consumers in the U.S. are in a perpetual state of potential trade-in. Why not explain the terms, variables, and decision-criteria it would take to consider driving a newer, more fuel efficient, car or truck and let reputable dealers come to you to make it happen. There is no downside for consumers and dealers. Additionally, for dealers we offer more proactive inventory acquisition and a much better lead qualification environment. It’s really a win-win,” says Brice Englert, Founder and CEO of TradePending.
With a vast majority of car dealerships using market-based pricing tools to price vehicles, the TradePending market reports are an industry first to provide consumers nationally with real-time market data to represent “Value to a Dealer”. TradePending adds a much needed layer of transparency for consumers to understand exactly what is in the market and the investments that reputable franchised auto dealerships make for their used inventory to be “front-line” ready. Simple disclosure of information like this is greatly reducing the friction that can occur when dealers use one method to arrive at a value and consumers reference something completely different.
Early results have identified substantial consumer appeal for anonymous communication and consideration of multiple dealer offers. Dealers have reported that the opportunity for them to browse local inventory, communicate with consumers via TradePending, and make offers as a major improvement to their own legacy processes.
“This is a great opportunity for dealers. Nearly 70% of the used cars they sell come from trade-in. Dealers have little opportunity to be proactive at selecting the cars they need directly from consumers. Now they can,” says Scott Chuhinko, Partner and VP of Sales for TradePending.
With all services completely free for consumers, TradePending has made it a no-brainer for consumers to participate. Similarly, Franchised Dealers can register for free HERE and monitor the inventory growth in their market.
Founded to completely re-imagine one of the most storied shopping processes in the last century, tradepending.com enables consumers to list their current vehicles, what they are looking for, and anonymously negotiate the terms of a deal with multiple dealerships. With no time constraints, TradePending offers a simple, transparent process to build trust in the automotive sales and trade-in process. Headquartered in vibrant downtown, Durham, NC and with national reach, TradePending will expand their offering rapidly to enable a world where anyone can easily Drive What You Want!