Qualified Wholesale Auctions and Vehicle Dealers play a critical role in the Driven XChange process. They’re Market Makers: the middlemen who match supply and demand, and provide rapid liquidity in the marketplace.

Driven XChange enables Market Makers to capture revenue from their Retail Dealers that has traditionally gone to competing channels. Independent research states that 50 percent of dealers attend 5 or more auctions per month and purchase an average of 128 cars per year. An independent auction with 500 active Retail Dealers has to sell 62,500 vehicles per year to satisfy the purchasing trends of its current dealer network. Driven XChange extends the Market Makers organization beyond the scope of vehicles in its local marketplace allowing their dealers to attend fewer auctions and purchase more vehicles through a single channel.

Market Makers aggregate demand from Retail Dealers across the country through a custom branded Trading Platform. As Retail Dealers identify vehicles that meet their specifications they begin real time negotiations with the seller by placing bids on the open market.

As new vehicles are placed on the XChange Trading Floor Market Makers ensure they are actively traded by interested dealers in their network.