Oct 8, 2023

AutoGrab and Trade Me: A Partnership Driving the Future of Used Car Valuations

We at AutoGrab are thrilled to announce our significant milestone: a partnership with Trade Me, New Zealand’s largest online marketplace and classifieds site. This collaboration marks a new era in our journey, expanding our horizons and enhancing our capabilities in the used car market.

Our Journey and Vision: Founded in Australia in 2020 amidst the COVID-19 lockdowns, AutoGrab has been at the forefront of revolutionising used car valuations. Our founders, Daniel Werzberger and Chris Gardner, with their extensive experience in the used car sector, have positioned AutoGrab as a vital tool for dealerships, fleet managers, insurers, and accountants. Our goal has always been to provide precise and predictive pricing analytics for used cars, a mission that has just received a significant boost.

The Trade Me Partnership: Trade Me, with its 51 percent stake in AutoGrab NZ, is not just an investor but a strategic partner. This collaboration allows us to leverage Trade Me’s extensive reach and resources to bring our innovative solutions to a wider audience. This partnership is not just a business deal; it’s a synergy of visions aiming to simplify and improve the used car market (read more here).

Impact on the Market: The accurate valuation of used cars is more than just a convenience; it’s a necessity for the survival and prosperity of dealerships and other motor trade businesses. With Trade Me’s support, our tools and insights will become more accessible to dealers and MotorWeb customers in New Zealand. This means better pricing strategies, improved profitability, and more informed decision-making for our users.

Looking Ahead: Our partnership with Trade Me is a stepping stone to broader horizons. We’re set to expand into South-East Asia, Canada, and Britain, furthering our commitment to reshaping the global used car market. We believe that our joint efforts with Trade Me will not only benefit New Zealand dealers but also set a precedent for international market practices.

Conclusion: The partnership between AutoGrab and Trade Me is a testament to our dedication to innovation and excellence in the automotive industry. We’re excited to embark on this new phase of our journey, confident that together, we will drive a new era of profitability and efficiency in the used car market.