Toronto-based TradeRev has reached a milestone by posting its 100,000th vehicle to the TradeRev system. TradeRev leverages mobile technology to enable dealers to do real-time auctions on vehicles as part of the vehicle trade-in appraisal process; it also facilitates dealers auctioning vehicles to other dealers directly from their stores. Founded in 2009, the company provides a vehicle appraisal and auctioning system for dealers. TradeRev has grown rapidly in Canada and has been expanding strategically in the United States since ADESA acquired a 50% stake in August 2014.
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