TRADE X opens its B2B business

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TORONTO, November 9, 2022

The Company will open a trade corridor from Mexico to other left-hand drive markets to facilitate the global used vehicle trade

TORONTO, November 9, 2022 /PRNewswire/ — TRADE Xa B2B cross-border automotive trade platform headquartered in Ontario, Canadatoday announced the opening of a new trade route and physical location in Mexicoone of the world’s largest automotive hubs, which will allow dealerships and fleet owners nationwide to buy and sell used vehicles through TRADE X’s global platform.

Both an export and import market, Mexico is a major manufacturing center and has one of the highest percentages of dealers per square mile in the world. The company is celebrating the opening of the new corridor with an event for registered dealers in early November.

“We are excited to connect automotive buyers and sellers in this very important market,” said Ricardo AmpudiaSales manager, Mexico for TRADE X. “Over the past few years, we have seen a dramatic increase in interest in used vehicles, as buyers who have been unable to buy a new car are looking to buy a used vehicle instead. from their local dealer. We look forward to working with from Mexico dealerships, fleet companies and mobility providers to meet their needs and facilitate reliable and transparent commerce for them between Mexico, Canadaand Nigeria to begin with, with further corridors opening onto Mexico in the future.”

Mexico is a critical business market in the global used auto industry,” said Eric GosselinSVP of Global Business Development for TRADE X. “Our goal is that Mexico will serve as a focal point for our Latin America growth and expansion. The launch of our TRADE X platform for Mexican dealers will allow them to showcase local inventory to dealers around the world. We also believe that this trade corridor will open new untapped revenue streams for all dealers, countries and business partners. »

Automotive dealerships, fleet owners, rental companies, mobility solution providers, as well as importers and exporters, can use the TRADE X platform on their desktop, or through the TRADE X Global mobile app , to trade vehicles quickly and easily with other automotive professionals around the world. world. Dealers can use the marketplace to request specific makes or models using the platform’s “Instant Request” feature, review specific search results to assess real-time pricing, and make vehicle purchases securely, transparently and compliantly. TRADE X provides access to a streamlined business process by managing common complexities including logistics, quality checks, foreign exchange, engaging registered importers, shipping, real-time price analysis, homologation, change of title and customs clearance.

“The opening of our new factory in Mexico and the launch of our all-new trade corridor represents an important milestone for TRADE X,” said the President and Chief Operating Officer. Luciano Butera. “We look forward to connecting dealers in Mexico to the largest network of authorized automotive buyers and sellers in the world, improving the way used vehicles are bought and sold across international borders.”

Last year, automakers from Mexico manufactured nearly 3 million new automobiles for export outside the country. With Mexico and other markets struggling to meet increased demand, many Mexican dealerships began importing vehicles, a relatively new process for dealerships in the country.

In Mexicopopular car brands include Nissan, General Motors, Volkswagen, Toyota, and Kia, among others.

Car dealerships, fleet companies and mobility providers in Mexico who are interested in trading through the TRADE X platform can register at tradeexport.com to begin the process of buying and selling vehicles.

About TRADE X

With its headquarters at Ontario, Canada, TRADE X is the first global vehicle marketplace to aggregate cross-border supply and demand for car dealerships, fleet owners, rental companies, mobility solution providers, importers and exporters, opening up new trade corridors to buy and sell vehicles. The TRADE X “Brain” platform is an AI-powered machine learning technology that connects buyers and sellers through a transparent marketplace that helps sellers find the highest bidders in the world and gives buyers access to the best vehicle source markets and the best price arbitrage opportunities. Users can transact online quickly and seamlessly in a secure environment with all the complexities of international trade – compliance, anti-money laundering regulations, vehicle inspection, currency exchange, digital trade documentation, payments and financing – all operated by TRADE X. The company serves authorized buyers and sellers anywhere with a user-friendly application available 24/7 via mobile, tablet or desktop. The largest investors in TRADE X include Aimia Inc., a publicly traded holding company listed on the Toronto Stock Exchange (TSX: AIM). To learn more, please visit www.tradeexport.com.

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TRADE OF ORIGIN X; Aimia inc.

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