TradeRev Extends Help to Texas Auto Dealers Still Recovering from Hurricane Harvey Impact

CARMEL, Ind., Oct. 17, 2017 -- TradeRev, a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions, has launched a special offer to help Houston area used car dealers replenish inventory lost during Hurricane Harvey. For a limited time, Houston area dealers will receive free transportation through CarsArrive Network on any vehicle purchased on TradeRev from Texas, Oklahoma and Florida. The company hopes this will alleviate some of the financial pressure dealers are experiencing while helping them quickly source high quality stock to meet surging consumer demand. TradeRev and CarsArrive Network are both business units of auction giant KAR Auction Services, Inc. (NYSE:KAR).

“KAR’s auctions and affiliated business units have played an active role in the hurricane relief efforts, and we’ve witnessed the hardships our customers are facing first-hand,” said Becca Polak, TradeRev president and chief legal officer and secretary for KAR Auction Services. “Using TradeRev will help Houston dealers source inventory more quickly and conveniently from a broader seller-base than the local auctions. And the CarsArrive promotion is one way we could show our support and help dealers rebuild their businesses.”

This free shipping offer is available today and ends November 30, 2017. It is limited to buying dealers located in Texas zip codes impacted by Hurricane Harvey. For more information on the zip codes eligible and offer restrictions, please visit the news section on TradeRev.com.

“CarsArrive is proud to partner with TradeRev to help our shared customers in Houston recover and rebuild,” said Michael Briggs, president of CarsArrive Network and RDN. “We have strong, long-standing relationships in Houston, and we want to see this great automotive market back on its feet as quickly as possible.” 

TradeRev offers dealers fast, convenient access to high quality trade-in and commercial consignment inventory before it reaches wholesale physical auctions. The TradeRev mobile app mimics the physical auction setting, enabling dealers to launch and participate in live, one-hour auctions directly from their smartphone, tablet or desktop. Winning TradeRev bidders can complete the entire transaction within the app, including optional inspection, title and arbitration services and financing and transportation through KAR’s AFC and CarsArrive brands.

About KAR Auction Services

KAR Auction Services (NYSE:KAR) provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. KAR’s unique end-to-end platform supports whole car, salvage, financing, logistics and other ancillary and related services, including the sale of more than 5 million units valued at over $40 billion through our auctions. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in 110 countries. Headquartered in Carmel, Ind., KAR has approximately 17,600 employees across the United States, Canada, Mexico and the United Kingdom. www.karauctionservices.com