Topmarq solves the consumer’s chaotic and time-consuming direct purchase model with its innovative comparison platform.
AUSTIN, TX, May 16, 2022 /PRNewswire/ — Topmarq Inc today announced the launch of its new vehicle acquisition platform that makes it quick and easy for car dealerships to start buying cars from local sellers. The online service simplifies acquiring vehicles from private sellers through automated auctions and appointment scheduling with the seller. The platform is released as a limited public beta.
The U.S. vehicle market is in the midst of another massive shift as prices simmer from all-time highs during the pandemic. Although prices are showing signs of stability, dealers across the country are still unsure how to increase their used inventory. Typical channels such as wholesale auctions experience prices close to retail, making them a tough choice for the average reseller.
Topmarq is well placed to help resellers solve this problem by going directly to the source – local private sellers. Rather than letting a quality used vehicle slip through the wholesale channel, dealers can now access thousands of local sellers looking for a reasonable trade-in offer. The platform allows dealers to submit personalized offers directly to sellers based on detailed vehicle condition reports and VIN-based data. Topmarq’s proprietary tracking system manages sellers through the pipeline until they secure an appointment with a specific dealer, eliminating wasted dealer effort on lost leads.
Topmarq is currently focusing on the Texas market, with plans to expand to other major metros shortly. The company is led by CEO and Founder Quinn OchaCaltech graduate and former engineer at Axon. Jacques-MarcCFO at LegalZoom and formerly TrueCar, is an advisor to the company.
Top mark is a software tool that allows car dealerships to automatically purchase vehicles from local private sellers to improve their bottom line. Easily purchase cheaper inventory through consumer sales in an auction-like format. Its innovative sales pipeline management means dealers don’t waste time researching leads while sales people can schedule appointments directly with them.