Automotive trading platform Trade X announced an auction alliance with Wholesale Express, a Canadian online daily auction website that sells used vehicles to registered dealers in Quebec, Ontario, and Eastern Canada.
“As this is our first partnership through the new Auction Alliance Program, we are excited about the opportunity to work with Wholesale Express, its auction and their clients, providing their auction inventory great exposure to a global audience,” said the company’s Executive Vice President and Chief Operating Officer, Luciano Butera.
The Auction Alliance Program allows an auction partner to link their inventory feed to the Trade X “Brain” platform, so it can analyze which inventory should be broadcasted to global buyers on the company’s platform. Butera said Wholesale Express auction vehicles can potentially offer a higher sale price, while being transacted seamlessly “just as they would locally.”
“Through these auction alliances, we are aiming not only to increase inventory visibility to our global buyers, but also to demonstrate that global trade can be uncomplicated and seamless,” said Butera. “By introducing vehicle inventory directly to new markets, we are promoting trust between buyer and seller in a global market.”
