Canadian Black Book announced a data integration with Trade X that connects dealers internationally through the Trade X global vehicle trading software.
The integration means the software will include Canadian Black Book’s historical post-transactional wholesale valuation and transactional data, along with their proprietary Enhanced Vehicle Matching VIN Decoding capabilities.
“Trade X is filling a gap in the industry by offering a robust digital automation tool to manage the seamless flow of vehicles through foreign trade, which is a massive business,” said Yolanda Biswah, Vice President of Sales, Canadian Black Book.
She said the integration of CBB data into this new platform will allow both Canadian and U.S. dealers to access more precise North American automotive data throughout their transaction.
As for Ryan Davidson, Founder & CEO at Trade X, he said his company is capitalizing on the digital transformation of the wholesale auto industry.
“We have deployed a digital platform whereby dealers, in different countries, can buy and sell cars through a secure and compliant marketplace that provides fully transparent data and automated transactions,” said Davidson, later adding that “This is a multi-billion-dollar market in terms of global pre-owned automotive sales volume with no digital platform to service it, until now.”
He said phase one focuses on the vehicle flow from Canada to the U.S., but the company realized they needed to partner with an accurate Canadian data provider—Canadian Black Book being their “obvious choice.”
The Trade X platform is currently available to North American dealers, and provides access to cross-border inventory sourcing and selling. At the same time, it is expanding its reach to a wider global marketplace.
