TRADE X, a B2B cross-border automotive trading platform with its headquarters in Ontario, Canada, today announced that it has opened a new trade route in Ghana, strengthening the company’s presence in Africa after having recently opened new import facilities in Lagos, Nigeria and Nairobi, Kenya.
With the opening of new trading routes and now expanding into Ghana, TRADE X is aiming to connect automotive dealers in various regions of Africa, which boast a rising middle-class population, to used inventory in North America, Europe and other strategic export locations. Earlier this month, TRADE X signed a partnership agreement with the Vehicle and Asset Dealers Union of Ghana (VADUG) to increase visibility and encourage more dealers to take advantage of the company’s easy-to-use platform.
The TRADE X platform connects automotive dealers, fleet owners, rental companies, and mobility solution providers with trading partners around the world. When users log onto the TRADE X platform on their desktop or via the TRADE X global app, they can ensure they not only have access to admissible inventory and the best possible deals—but that they are transacting in a secure and streamlined way that removes the complexities of logistics, homologation, compliance, and customs. 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 safely, transparently and compliantly.
TRADE X is the first global vehicle marketplace to aggregate cross-border supply and demand for car dealers, fleet owners, rental companies, mobility solution providers, importers, and exporters, opening new trading corridors to buy and sell vehicles. The TRADE X ‘Brain’ platform is a machine-learning, AI-driven technology that connects buyers and sellers through a transparent marketplace that aids sellers in finding the world’s highest paying markets and gives buyers access to the best vehicle source markets and price arbitrage opportunities.