PODCAST: Inside the online auction of Joyride Autos

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CARY, N.C. – 

In this episode of the Auto Remarketing Podcast, we continue our discussions on the growing online market for vehicle auctions.

Joyride Autos chief executive officer John Wicker and chief product and technology officer John Krupnik join the show to talk about the origins of their company, which provides an online auction platform and marketplace for undervalued vehicles.

As reported previously in Auto Remarketing, Krupnik was chief information officer at IAA for 14 years and recently joined Joyride

“I’ve spent my career in the world of auto auctions, and I’ve never seen a moment that’s more ripe for innovation,” Krupnik said in a news release.

“The accelerated shift to e-commerce, global supply chain shortage for cars and their parts, and increased average age of vehicles on our roads have all contributed to Joyride’s remarkable early momentum,” he said. “The opportunity to help lead the Joyride team and innovate in this underserved yet rapidly growing category was an obvious decision for me.”

The Joyride platform is designed to ease the selling and buying of unclaimed and aged vehicles through online auctions.

It launched in April 2020 and has sold 30,000 vehicles through the platform. Joyride is available in California, Texas, Indiana and Nevada. The company plans to use a recent $2 million seed funding round to expand into new markets. 

To listen to the interview with Krupnik and Wicker, click on the link available below, or visit the Auto Remarketing Podcast page

Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.

 



Source : AutoFinanceNews