TRED, an online vehicle marketplace out of Seattle, recently announced their intentions to grow and expand into Texas. The company will expand into Houston, Austin, Dallas, and San Antonio. They expect to be up and running in Dallas by the end of the month and the remaining cities by the end of February.
"We very excited about Texas," Grant Feek, co-founder of Tred, tells InnovationMap.
Feeks says TRED is a peer-to-peer marketplace used to purchase or sell used cars and gives sellers much smaller transaction margins as well as lower prices for those looking to buy.
"[We're] combining the best of the dealer experience with the best of the market experience," said Feek.
Feek also said the company provides fraud protection like a normal dealership would but with cheaper prices of a private marketplace.
"We are the only ones that allow you to work directly with your counter party," Feek said. "There's literally no middle man."
TRED reveals how they are doing online in their "How Tred Stacks Up" web page which shows how TRED is doing when compared to other used vehicle platforms.
"We built a platform for people that really want value," Feek says. "With the push of a button they can list it in 20 different places."
TRED will start their platform in Houston some time next month, however the company won't have employees in Texas. Feek explained that TRED is trying to take away employee interaction within car sales. TRED wants to be completely about peer-to-peer sales and not interfere.
TRED is targeting Houston as a city to grow into thanks to it's high population and overall large car market. Feek stated that the company is hoping to also grow into Florida later in 2019.
"It's no secret that a lot of people live in California, Texas, and Florida," says Feek, "we've always had our eyes on these states."
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