Founded in 2002, Driven XChange is the world's first online bid - ask marketplace that brings together wholesale buyers and sellers for real time negotiations. Driven XChange represents buyers that purchase over $1.2 billion in vehicles per year and sellers that liquidate thousands of vehicles annually.

Driven XChange converges the vast retail dealer networks of wholesale auctions, specialty distribution channels of wholesale dealers and continuous vehicle supply of banks and leasing companies on the XChange. We have created an online channel to buy and sell cars in a manner that leverages the unique strengths of the participants in the current wholesale remarketing system.

Auctions and wholesale dealers demonstrate the strength of their retail dealer relationships by providing a custom branded trading platform enabling retail dealers the opportunity to purchase bank and lease vehicles at any time from anyplace in the country. Sellers are empowered with faster sell times, broader market exposure, and multi-channel flexibility. Actual test results have demonstrated that sellers employing a dual channel strategy (Driven XChange in conjunction with physical Auctions) receive a higher average return on their vehicle portfolio.