The Appraisal Lane Tops $100 Million in Used Car Transactions

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$100 Million in Transactions Represents Actual Cash Offers Dealers Took to the Bank

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This latest milestone validates the fact that dealers have embraced our community as a new way of doing business to improve their used car operations.

The Appraisal Lane, a mobile app that connects dealers with a larger community of appraisers and buyers to receive cash offers on inventory from real people in real time, today announced that it has topped $100 million in used car transactions for both live trades and aged units, helping dealers buy and sell more used car inventory and improving their business in the process.

“This latest milestone validates the fact that dealers have embraced our community as a new way of doing business to improve their used car operations,” said Jeff Risner, Co-Founder and CEO of The Appraisal Lane. “$100 million in transactions represents actual cash offers dealers took to the bank for live trades while they were busy working with customers, and for inventory they already own. The dealers in our community understand that it’s just good business practice to make The Appraisal Lane a part of their process and to receive cash offers from a team of expert appraisers.”

In 2017 alone, The Appraisal Lane processed over 60,000 vehicles for cash offers in its community, breaking 2016 records.

In addition to dealers, The Appraisal Lane community consists of the country’s foremost vehicle appraisers whose singular responsibility is to evaluate thousands of cars each month across all makes and models. For dealers who are busy working with customers, cash offers on live trades arrive in 15 minutes or less and are good for 7 days or 300 miles. For inventory they already own, cash offers arrive in just a few hours and are good for 3 days or 100 miles. While the company’s appraisal experts make a cash offer on every vehicle, The Appraisal Lane’s Buyer Network enables dealers to buy in-demand inventory from virtually any curb, anywhere.

“We’re proud to have reached this milestone in just a little over two years since our launch and we’re committed to continue growing our business to help dealers make more retail deals,” said Risner.

The Appraisal Lane is available across the entire Eastern Seaboard, Pennsylvania, Ohio, Illinois, Michigan, Indiana, Wisconsin, and Minnesota, with additional market expansion plans underway.

For more information, visit http://www.theappraisallane.com, call (888) 737-9909, or email marketing(At)theappraisallane(dot)com.

About The Appraisal Lane™
The Appraisal Lane is a mobile app connecting dealers with a larger community of appraisers and buyers to receive real time cash offers on inventory. Fully optimized for mobile, the platform manages appraisal submissions, purchase offers, and dealer, appraiser, and buyer communications, as well as sales and fulfillment channel information. Among many other benefits, The Appraisal Lane gives dealers the ability to move used car inventory by providing accurate valuations; provide consistent consumer trade-in offers; the opportunity to white label the technology suite to power their own private networks; and the confidence to take used cars on trade without any risk, ultimately improving their business in the process.

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Jennifer Lange
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