Business
PowerBand Launches D2D Auto Auctions in the U.S.
VANCOUVER, BC / ACCESSWIRE / April 2, 2019 / PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PW...
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[{"type":"text","content":"PowerBand Launches D2D Auto Auctions in the U.S.VANCOUVER, BC / ACCESSWIRE / April 2, 2019 / PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) (\"PowerBand\", \"PBX\" or the \"Company\"), a leading online automotive auction, remarketing and sales platform in North America, is pleased to announce the official launch of D2D Auto Auctions (\"D2D\").D2D Auto Auctions is the realization of the previously announced partnership PowerBand and Bryan Hunt entered into in November 2018 to establish an automotive online remarketing network in the United States. Since that time PowerBand has been customizing its auction platform for the U.S market while Bryan Hunt and his team at 71B Auctions in Springdale, Arkansas have been marketing the D2D remarketing solution to its vast base of existing dealers who currently buy and sell vehicles at their physical auction locations. To date over 1,300 dealers have been registered on the D2D platform and this number is expected to increase as D2D's sales team targets additional dealerships and commercial customers, including leasing, rental and fleet companies, across the southern United States. D2D customers are able to access the online auction platform on their computers at www.D2DAA.com, or on their mobile devices by downloading the D2D App, that is available on either iOS or Android.Mike Moen, President and COO of PowerBand, stated: \"In partnership with Bryan Hunt we are excited to have launched D2D Auto Auctions' online platform. D2D's customers will be able to save considerable time and money buying and selling vehicles online versus the traditional physical auction method. D2D's customers will also have access to a greater supply and variety of used vehicles, including vehicles exported from Canada, than they would through physical auction channels. In the U.S. alone over 40 million used vehicles exchange hands each year, with over 10 million vehicles being bought and sold through auctions. Online auctions are growing at a faster rate than physical auctions and we believe D2D has a large opportunity to capture considerable market share in a fast growing market segment of the used vehicle industry, giving PowerBand a solid foothold in the U.S. automotive transaction marketplace.\"As the rollout of D2D gains traction in the second quarter of 2019, PowerBand anticipates online ...