TRADE X opens its B2B trading platform to automotive imports and exports in Mexico

Company to open trade corridor between Mexico and other left-hand drive markets to facilitate global trade in used vehicles

TORONTO, November 9, 2022 /PRNewswire/ — TRADE X, a B2B cross-border automotive trade platform headquartered in Ontario, Canada, today announced that it will open a new trade route and physical location in Mexico, the one of the world’s premier 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 hub 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 Ampudia, Sales Manager, Mexico for TRADE X. “Over the past few years, we have seen a dramatic increase in interest for used vehicles., as buyers who have been unable to purchase a new car are instead looking to purchase a used vehicle from their local dealer. We look forward to working with dealers, fleet companies and Mexican mobility providers to meet their needs and facilitate reliable and transparent trade for between Mexico, Canada and Nigeria to begin with, with other corridors opening up to Mexico in the future.”

“Mexico is a critical trade market in the global used auto industry,” said Eric Gosselin, senior vice president of global business development for TRADE X. for our growth and expansion in Latin America. The 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 unlock new and 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 facility in Mexico and the launch of our new trade corridor represents an important milestone for TRADE X,” said President and COO Luciano Butera. “We look forward to connecting Mexican dealerships 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, Mexican automakers produced nearly 3 million new cars 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 Mexico, popular automobile brands include Nissan, General Motors, Volkswagen, Toyota, and Kia, among others.

Auto dealers, fleet companies and mobility providers in Mexico who wish to trade through the TRADE X platform can register at tradeexport.com to begin the process of buying and selling vehicles.

About TRADE X

Headquartered in Ontario, Canada, TRADE X is the first global vehicle marketplace to aggregate cross-border supply and demand for automotive dealerships, fleet owners, rental companies, mobility solution providers, importers and exporters, opening 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). For more information, visit www.tradexport.com.

Media contact: TRADE X contact:

Siobhan Nolan Shelley Keller

JConnelly Director, Corporate Communications + Brand

(862) 217 ​​9585 [email protected]

[email protected]

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