Car dealers and automotive importers can use
TRADE X to source, purchase and import vehicles to better meet the
needs of their customers and improve profitability for their
businesses.
TORONTO, Sept. 7,
2022 /PRNewswire/ -- TRADE X, the global B2B
cross-border automotive trading platform for industry buyers and
sellers, today announced that dealers and fleet owners in the
Dominican Republic will be able to
use TRADE X to import pre-owned vehicles from other countries,
helping them better meet customer needs, access hard to find
models, and improve profitability for their businesses.
On September 8, TRADE X will host
a 9 a.m. breakfast event for the
members of the main dealer associations: ANADIVE, ASOCIVU, and
ADECI, which will include a presentation on TRADE X and what they
offer to Dominican vehicle traders. Dealers who would like more
information about the event can email events@tradexport.com.
Automotive dealers, fleet owners, rental companies, mobility
solution providers and importers can utilize the TRADE X platform
on their desktop, or via the TRADE X Global mobile app, to trade
vehicles quickly and easily with other automotive professionals
globally, without any of the manual complexities that are typically
involved. Dealers can use the marketplace to search for specific
makes or models using the platform's "Instant Request" feature,
review specific search results to assess real-time pricing, and
make vehicle purchases safely, transparently, and compliantly.
TRADE X gives dealers a simplified trade process by removing the
complicated components from the responsibility of the users, such
as logistics, quality checks, engaging registered importers,
real-time pricing analytics, homologation, retitling and customs
clearance, as TRADE X handles those directly. All transactions are
conducted securely and compliantly, each user is screened to ensure
safety and reliability, and users may trade in their own currency.
Buyers can also apply for trade financing through the TRADE X
platform at the time of a vehicle purchase, and dealers in the
Dominican Republic are presented
with the vehicles from the best source markets globally, at the
lowest possible price.
"The Dominican Republic is a
fast-growing market with strong demand for cars and light trucks,
yet its dealers and other buyers often struggle to find inventory
for their customers," said Eric
Gosselin, SVP Global Business Development at TRADE X. "TRADE
X is a fast, easy, and safe way to not only find the right vehicle
make and model, but also make the purchase and import them into the
Dominican Republic without having
to worry about logistics and bureaucratic hurdles. The platform
handles everything from purchase to delivery."
Initially an import-only route, in the coming months, TRADE X
also plans to open the Dominican
Republic to exports, providing vehicle businesses the
opportunity to both buy and sell on the platform. In addition to
the expansion goals, on September 1,
2022, doors officially opened to TRADE X's warehouse within
the Free Trade Zone in Santo Domingo
Este, further providing ease of international trade to
automotive buyers and sellers in the Dominican Republic.
TRADE X provides peace of mind and security for users whether
they are trading within their own country or internationally by
simplifying the trading experience – ensuring each transaction is
transparent, compliant, insured, and monitored from start to
finish. To begin the process of cross-border trading, vehicle
businesses can sign up online on the tradexport.com website or
download the "TRADE X Global" app from the App Store or Google
Play.
About TRADE X
With headquarters in Ontario,
Canada, TRADE X is the first global vehicle marketplace to
aggregate cross-border supply and demand for car dealers, fleet
owners, rental companies, mobility solution providers, importers,
and exporters, opening new trading corridors to buy and sell
vehicles. The TRADE X 'Brain' platform is a machine-learning,
AI-driven technology that connects buyers and sellers through a
transparent marketplace that aids sellers in finding the world's
highest bidders and gives buyers access to the best vehicle source
markets and price arbitrage opportunities. Users can quickly and
seamlessly transact online in a secure environment with all the
complexities of international trade – compliance, anti-money
laundering regulations, vehicle inspection, currency exchange,
digital trade documentation, payments, and financing – all managed
by TRADE X. The company serves authorized buyers and sellers
everywhere with a user-friendly app available 24/7 via mobile,
tablet, or desktop. TRADE X's largest investors include Aimia Inc.,
a publicly traded holding company listed on the Toronto Stock
Exchange (TSX: AIM). To learn more, please visit
www.tradexport.com.
Media
Contact:
Siobhan Nolan
JConnelly
(862) 217-9585
snolan@jconnelly.com
TRADE X Contact:
Shelley
Keller
Director, Corporate Communications + Brand
shelley.keller@tradexport.com
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SOURCE TRADE X