Dealers Submit Over 100,000 Vehicles to The Appraisal Lane to Receive Cash Offers by Real Experts, in Real Time

Novem­ber 2017

The Appraisal LaneTM, a mobile app that con­nects deal­ers with a larg­er com­mu­ni­ty of apprais­ers and buy­ers to receive real-time cash offers on inven­to­ry, today announced that since its launch in just over two years, deal­ers have sub­mit­ted over 100,000 live trades and aged units for real-time cash offers.

“The deal­ers in our com­mu­ni­ty have put in the effort and sub­mit­ted over 100,000 cars inde­pen­dent­ly, and they’ve incor­po­rat­ed The Appraisal Lane into their process which demon­strates the val­ue they see in it,” said Andrew Iorgules­cu, Co-Founder and Pres­i­dent of The Appraisal Lane. “Our com­mu­ni­ty is both a sales chan­nel and a used car inven­to­ry acqui­si­tion chan­nel, and deal­ers use it dif­fer­ent­ly depend­ing on their needs. What’s impor­tant is that they’re using it to make more retail deals and improve their busi­ness and that’s what makes this mile­stone so sig­nif­i­cant.”

In addi­tion to deal­ers, The Appraisal Lane com­mu­ni­ty con­sists of the country’s fore­most vehi­cle apprais­ers whose sin­gu­lar respon­si­bil­i­ty is to eval­u­ate thou­sands of cars each month across all makes and mod­els. For deal­ers who are busy work­ing with cus­tomers, cash offers on live trades arrive in 15 min­utes or less and are good for 7 days or 300 miles. For inven­to­ry they already own, cash offers arrive in just a few hours and are good for 3 days or 100 miles. The Appraisal Lane’s Buy­er Net­work enables deal­ers to buy in-demand inven­to­ry from vir­tu­al­ly any curb, any­where.

“We incor­po­rat­ed The Appraisal Lane into our process across all of our stores because it helps our busi­ness in a num­ber of ways,” said Rob Iacono, Vice Pres­i­dent of BRAM Auto­mo­tive Group, con­sist­ing of stores in four of five New York City Bor­oughs, as well as Westch­ester Coun­ty and New Jer­sey. “The expert cash offers we get while we’re work­ing a live trade help us struc­ture bet­ter retail deals. We’re also mov­ing a lot of used car inven­to­ry through the app, we’re buy­ing inven­to­ry we need, and we’re way more con­fi­dent tak­ing cars on trade. This is the best tech­nol­o­gy we’ve seen in over a decade.”

This lat­est news comes on the heels of the company’s announce­ment that it has expand­ed into the Mid­west. The Appraisal Lane’s foot­print now includes the entire East­ern Seaboard, Penn­syl­va­nia, Ohio, Illi­nois, Michi­gan, Indi­ana, Wis­con­sin, and Min­neso­ta, with addi­tion­al mar­ket expan­sion plans under­way.

For more infor­ma­tion, vis­it The Appraisal Lane site

What You Need to Know about The Appraisal Lane™
The Appraisal Lane is a mobile app con­nect­ing deal­ers with a larg­er real-time of apprais­ers and buy­ers to receive real-time cash offers on inven­to­ry. Ful­ly opti­mized for mobile, the plat­form man­ages appraisal sub­mis­sions, pur­chase offers, and deal­er, apprais­er, and buy­er com­mu­ni­ca­tions, as well as sales and ful­fill­ment chan­nel infor­ma­tion. Among many oth­er ben­e­fits, The Appraisal Lane gives deal­ers the abil­i­ty to move used car inven­to­ry by pro­vid­ing accu­rate val­u­a­tions; pro­vide con­sis­tent con­sumer trade-in offers; the oppor­tu­ni­ty to white label the tech­nol­o­gy suite to pow­er their own pri­vate net­works; and the con­fi­dence to take used cars on trade with­out any risk, ulti­mate­ly improv­ing their busi­ness in the process.

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