CHICAGO, Jan. 17, 2017 /PRNewswire/ -- DRIVIN, the premier platform for automotive dealers that utilizes data to help used-car dealers search, buy and eliminate the right inventory will premier at this years NADA Convention in New Orleans on January 25th, 2017. As the industry's first intelligent marketplace, DRIVIN allows dealers to list and remarket unwanted inventory at wholesale prices to DRIVIN's established network of dealers, with no sell fees and an in-house inventory specialist available to assist. The vehicle is evaluated through DRIVIN's proprietary algorithm and recommended to hundreds of buying dealers within specific markets. Additionally, DRIVIN has created a frictionless process for the buying dealer with handling payment, paperwork and transportation between seller and buyer.
"Our Marketplace is a smart addition to the DRIVIN experience," said John Manganaro, VP of Product & Analytics. "Over the past quarter, we have been diligently assessing the feature set within our Marketplace platform and we're excited with the feedback received from our dealer partners. Our goal is to help our dealer partners confidently sell, search and buy the right inventory to build their optimal lot in one seamless process. This is an unprecedented opportunity to bring data science and innovation to an antiquated process and help dealers increase profitability across the lot."
DRIVIN's dealer partners have the ability to search and buy from an exclusive platform of highly sought after inventory not found at an auction. Their proprietary algorithm recommends vehicles that best fit the dealers lot, utilizing hundreds of data points including lot makeup, market analytics, and customer demand. Specific to the disposal of vehicles, DRIVIN has pre-loaded a dealer's inventory into Marketplace to make the process as efficient as possible. The dealer must simply select the unit to sell, answer a few condition questions and provide a price. DRIVIN then remarkets the vehicle to thousands of dealers on a national scale. There are no fees to sell on DRIVIN Marketplace.
DRIVIN is redefining the used vehicle industry by bringing data and technology together in a first-of-its-kind, high-touch fashion to help automotive dealers sell and acquire the right used cars, at the right price, right now. Combining highly personalized service with cutting edge technology and local market analytics, DRIVIN casts a nationwide net to find and vet quality, whole-sale priced vehicles, and connect them with dealers all across the country. Launched in 2015, DRIVIN is powered by CarCo Technologies.
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