Automotive industry veterans, Louis Robert Spaeth and Michael Zimmerman, identified a way to incorporate technology into an otherwise antiquated industry. As the #1 dealer in the Southeast, both were focused on generating revenue and finding more efficient ways to improve the bottom line. As a result of their experience, TradeAutoX™ was founded to create efficiencies, cultivate an exclusive network, and improve the bottom line for all parties involved in buying and selling of used car inventory.
Myth: "If you want to make more money, you have to take less."
Dealers are compelled to take less for used car inventory in order to keep “clean inventory” by moving this inventory off of the lot within 30-45 days. While the sales managers are negotiating with the customer on trade-in values, they are simultaneously negotiating with wholesalers on the same vehicle. With a limited number of preferred wholesalers to work with, dealers are forced to take less for vehicles than run the risk of having aged or dead inventory.
The emergence of technology and access to reporting databases such as Black Book, Auto Check, NADA, among others, has caused price transparency in the marketplace. TradeAutoX™ turns this challenge into an opportunity.
No Longer: "Let's take it to auction."
TradeAutoX™ enables its network to sell and purchase inventory in real-time. No scheduled auction time. No auction fees. Simply select and purchase the vehicle. With access to Nationwide inventory, any time, on demand, TradeAutoX™ makes it simple.
The Results: "Sold."
Advancements in technology are disrupting the industry and creating price transparency. As a result, TradeAutoX™ is focused on creating greater levels of efficiency in the process for both sides of the transaction.
TradeAutoX™ is a digital disruptor entering a marketplace with a unique business model, unlike its competitors. With a mission to improve gross margins for dealers, reduce fees for wholesalers, and open opportunities for independent dealerships to source its own inventory, TradeAutoX™ remains committed to adapting and improving its platform to meet the increasing demands of its members.
TradeAutoX™ was founded to create efficiencies, cultivate an exclusive network, and improve the bottom line for all parties involved in buying and selling of used car inventory. TradeAutoX™ enables members to buy/sell fresh inventory, any time, on demand.