AUSTIN, Texas, September 15, 2021 / PRNewswire / – Topmarq Inc today announced the launch of a new search engine to query and compare dealer quotes for your used vehicle. The new online service makes it easier to choose how to sell your car by allowing you to compare cash prices, vehicle support policies and more for dealers interested in your vehicle. The platform is released as a limited public beta.
The 800 billion dollars The US used vehicle market fell sharply in early 2020 only to return more successfully than ever in 2021. Even amid a 21% year-over-year price increase, used vehicles are soaring. lots and dealers are struggling to find enough inventory to meet demand. Topmarq makes this transition easier by connecting vehicle owners directly to dealerships who need their cars in the field, whether or not the seller buys them a vehicle.
Traditionally, the sale of one vehicle has been included in the transaction of buying another. This status quo has recently been turned upside down by the innovations of several of the tech-driven online resellers who have been at the forefront of dropping the trade-in-only model. Now, several years later, the number of dealerships offering separate “we buy cars” programs has skyrocketed and finding the best option has become a nightmare for consumers.
With Topmarq, sellers can now easily enter their information once and quickly compare the different options available to them. Price is certainly a big factor, but it’s not always the deciding factor. Some owners prefer the vehicle to be picked up rather than earning a little more but having to go to the dealership. Others want a specific new car at a dealership and prefer to use the trade-in tax credit.
Currently focused on Texas market, Topmarq supports 6 major dealers and plans to add more by the end of the year. The company is headed by the CEO and founder Quinn Osha, Caltech graduate and former engineer at Axon. Jacques Marc, CFO at LegalZoom and formerly TrueCar, is an advisor to the company.
Topmarq allows users to compare cash offers from dealers across the country in less than 5 minutes by simply using a license plate or VIN and some basic vehicle information. Using details like color, mileage, condition and number of accidents, Topmarq generates quotes from multiple dealers and makes comparing quotes as easy as finding flights on Kayak.
SOURCE Topmarq, Inc