TradeRev and AFC offer incentive to sell online

Dealer-to-dealer digital mobile auction app TradeRev and Automotive Finance Corporation (AFC) have teamed up to encourage dealers to “go digital” by offering them a special promotion when they sell and source inventory online.

Dealers that conduct their business on TradeRev’s live, one-hour digital auctions will not have to pay AFC floorplan financing fees. They will also benefit from zero per cent interest for 45 days on all vehicles bought and sold on TradeRev, according to the news release.

“Partnering with TradeRev will give dealers access to more vehicles across the growing digital marketplace,” said Jim Money, president of AFC, adding that “this promotion will allow them to experience the speed, convenience and power of TradeRev with the same confidence and value of AFC’s physical auction financing.”

AFC is among the biggest providers of independent dealer inventory financing in North America, according to Keith Crerar, executive vice president of TradeRev U.S., who considers the partnership to be a significant step forward when it comes to the digitization of automotive sales.

“Digital dealers can source cars better, faster and cheaper on TradeRev’s digital platform and seamlessly finance vehicles won at rates unmatched anywhere else in the industry,” he said.

The promotion is valid until the end of the year.

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Canadian auto dealer