TradeXchange is an online trading application created for the buying and selling used cars, unique to the South African motor industry.
The trading application was created to assist the motor industry in the follow areas:
Standard Best Practice: No standard manner of disposing of wholesale units (i.e. units sold to buyers within the industry rather than to the general public). Need to eliminate the subjective process at the discretion of the used vehicle manager.
Corporate Governance: Standard trade process through standard operating procedure.
Fully Transparent: Full audit trail that allows the dealer and the trader to see the value for which the vehicle was sold.
Commercial Opportunity: Maximise retail profit as well as trade profit opportunity.
Improve Operational Efficiencies: Not efficient in terms of length of time of disposal of the vehicle, which often resulted in a cash flow implication for certain dealerships.
Buyer Benefits:
253 Sellers load vehicle stock onto TradeXchange each month
Able to source all makes and models of vehicles for your clients: More than 1600 vehicles are loaded onto TradeXchange each month, nationwide
Comprehensive vehicle descriptions available
Email and SMS notifications of bidding progress
Reporting available on vehicles traded for business auditing purposes
Helpdesk available for all queries & questions
Ability to bid by cellphone
Seller Benefits:
An excess of 350 buyers subscribe to TradeXchange substantially increasing the opportunity to sell a vehicle, thereby reducing the duration of sale from start to finish
Half of the vehicles are sold in excess of the reserve price
200 vehicles are sold for an average of R70, 000
Accurate indication of true demand for various vehicle models through indication of Bidding Activity
Proactive notification via e-mail & SMS of vehicles that fit customised profiles, per buyer (Can create vehicle profiles and be notified about specific vehicles that are loaded)
Email and SMS notifications of bidding progress
Reporting available on vehicles traded for business auditing purposes
