AUSTIN, TX, September 15, 2021 /PRNewswire/ — Topmarq Inc today announced the launch of a new search engine to request and compare dealer offers for your used vehicle. The new online service makes it easier to decide how to sell your car by allowing you to compare cash prices, vehicle pickup policies and more for dealers interested in your vehicle. The platform is released as a limited public beta.
the $800 billion The U.S. used vehicle market withstood a significant decline in early 2020 to come back stronger than ever in 2021. Even amid a 21% year-over-year price increase, used vehicles are soaring and dealers are struggling to source enough inventory. to meet demand. Topmarq facilitates this transition by connecting vehicle owners directly to dealers who need their cars in the field, whether or not the seller buys a vehicle from them.
Traditionally, the sale of one vehicle has been wrapped up in the purchase transaction of another. This status quo has recently been upended by the innovations of several of the technology-driven online retailers that have spearheaded the move away from 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 major factor, but it’s not always the deciding factor. Some owners prefer to have the vehicle picked up rather than doing a bit more but having to go to the dealership. Others want a specific new car from a dealership and prefer to use the trade-in tax credit.
Currently focused on Texas market, Topmarq supports 6 major dealerships and plans to add several more before the end of the year. 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 allows users to compare cash offers from dealerships across the country in less than 5 minutes using just a license plate or VIN and some basic vehicle information. Using details such as color, mileage, condition and number of accidents, Topmarq generates offers from multiple dealers and makes comparing quotes as easy as finding flights on Kayak.