FASTEN YOUR SEATBELTS

Pre-owned car sales platform kicks expansion into high gear

Jan 29, 2019, 9:53 am

This West Coast used car sales platform is en route to Texas. Courtesy of TRED

This article originally appeared on InnovationMap and was written by Sarah Hobson.

A Seattle-based online car marketplace has all engines revving for Texas as the company plans its Lone Star State expansion.

TRED announced plans to expand into major Texas cities including, Houston, Dallas, Austin, and San Antonio. The startup will be live in Dallas at the end of this month, followed by the rest of the state in February.

"We very excited about Texas," Grant Feek, co-founder of Tred, tells InnovationMap.

Feek describes the company as a peer-to-peer marketplace for selling and buying used vehicles that offers sellers a thinner transaction margin and buyers a lower price point.

"[We're] combining the best of the dealer experience with the best of the market experience," said Feek.

Feek says that TRED offers the low chance of fraud of a dealership and the value of a private market.

"We are the only ones that allow you to work directly with your counter party," Feek tells InnovationMap. "There's literally no middle man."

TRED handles all the paperwork — from financing to warranties — so that buyers don't have to step foot in a DMV. The company posts their real-time performance online on the "How Tred Stacks Up" page to show how the company compares to other used car marketplaces.

"We built a platform for people that really want value," Feek says. "With the push of a button they can list it in 20 different places"

TRED services will launch in Houston next month, but the company will not have any initial employees on the ground in Texas, as Feek explains that TRED's model is focused on removing employee involvement from auto sales, which, according to Feek, is strategic. TRED is all about getting out of the way of peer-to-peer sales.

The company set their eyes on Houston due to the large population and car market. Feek tells InnovationMap that TRED will also expand into Florida in late 2019.

"It's no secret that a lot of people live in California, Texas, and Florida," says Feek, "we've always had our eyes on these states."

The idea for TRED came about in 2011. Feek says that many of his peers from Harvard, from which he received his MBA in 2009, had started their own companies and he had an interest in the automotive space. He thought that the process buying and selling cars should be simpler...

Continue reading on InnovationMap to find out about current partnerships.

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THE PALLILOG

How events this week have major franchise-defining impacts for Astros

Good news for Jose Altuve. Photo by Harry How/Getty Images.

One never knows how things will play out but of the known General Manager candidates, Jim Crane nailed it in hiring Dana Brown out of the Atlanta Braves' organization where he was Vice President of Scouting. The 55-year-old Brown's scouting and development pedigree is stellar. The Braves have been a talent-producing machine in recent years. Obviously all the credit isn't Brown's but his four years with the Braves preceded by a productive pipeline he was part of in Toronto speak highly of him. Not that it was or should have been the guiding principle to Crane's decision-making, but the Astros now have the only African-American General Manager in Major League Baseball (Ken Williams is Executive Vice President of the Chicago White Sox).

Brad Ausmus is a super-smart guy, but if had he gotten the GM gig it would have been in large part because he was teammate besties with Jeff Bagwell. While “It's not what you know it's who you know” plays a role in many, many hires, it would have been a poor rationale for tabbing Ausmus. Maybe Ausmus would have done a great job. Maybe Brown does a lousy job. Brown was the much more strongly credentialed candidate. While Bagwell has moved way up Crane's confidante list, Brown played college baseball with Craig Biggio at Seton Hall.

Speaking of Halls…

If I could tell you as absolute fact that exactly two members of the 2023 Houston Astros will someday make the Baseball Hall of Fame, who are you picking? Jose Altuve isn’t a lock just yet but he is obvious pick number one. So for the second spot are you going with Alex Bregman or Yordan Alvarez? We’ll get back to this a couple of paragraphs down.

As was basically a given, former Astro (and Phillie, Met, Red Sox, and Brave) Billy Wagner was not elected to the Baseball Hall of Fame this week, but as I suggested last week the voting returns were very favorable toward Wagner making the Hall next year, or if not next year in his final year of eligibility on the Baseball Writers Association ballot for the Class of 2025. “Wags” in the Class of ’24 is looking good. Wagner jumped from 51 percent to 68 percent “put him in” votes. The only guy this year to get the necessary 75 percent for election is worthy third baseman Scott Rolen. Two years ago Rolen got 53 percent of the votes needed, last year 63 percent, before getting the call to Cooperstown with 76.5 percent this year. Wagner going from 51 to 68 to 75-plus looks likely. Of course it’s not as if Wagner can pad his case with a good 2023 season, but this is how the process works. The other ballot returnee well positioned to make it next year is former Colorado first baseman Todd Helton. Unlike this year there’s a sure-fire first time ballot guy going in next year. Third baseman Adrian Beltre will undoubtedly wear a Texas Rangers cap on his plaque.

As expected Carlos Beltran didn’t come close to election in his first year of eligibility, but drawing 46 percent of the votes sets him up well to eventually get the Cooperstown call. Beltran was a fabulous player and his Hall credentials are solid. However, no one reasonable would argue that Carlos Beltran was as good or better than Barry Bonds. In his first year of eligibility back in 2013 Bonds garnered 36 percent of the vote. There has been some turnover in the voter pool over the last decade, but it's clear that Beltran’s central role in the Astros’ sign stealing scheme was not held against him to the extent that PED use (actual and/or suspected) was held against Bonds and Roger Clemens. And Alex Rodriguez. And Sammy Sosa. And Manny Ramirez. And others. Foremost right now that’s encouraging for Beltran, but it’s also encouraging down the line for fellow Astros of 2017-18.

What does this mean for Jose Altuve?

If Jose Altuve retired today (perish the thought!) he’d have a good case for the Hall. He had superstar seasons in 2016, 2017, and 2022, and has five other seasons that while not in the realm of his three best certainly rate as excellent. If you judge a player by his five best seasons, there aren’t 10 second basemen in the history of the sport who’d rank ahead of Altuve. Among those who clearly would: Joe Morgan, Rogers Hornsby, Eddie Collins, and Nap Lajoie. Among those four only Morgan played more recently than 1937. Then there’s a group of arguable guys like Jackie Robinson, Ryne Sandberg, Roberto Alomar, and yes Craig Biggio. Altuve has had the prime of a Hall of Famer. What sort of final numbers will he accrue? In late May or early June he should reach the 2000 hit plateau. How many more prime years does Altuve have left before inevitable decline? His career batting average is .307. Four years ago it was .316. Will Altuve retire a .300 hitter?

Bregman or Alvarez? Bregman gets extra points for being an everyday third baseman as opposed to a left fielder-designated hitter, but by age alone Yordan is the better play. Bregman turns 29 on opening day this year. Yordan doesn’t turn 26 until late June. When Bregman was 25 (2019 season) he put up a season more valuable than Alvarez’s tremendous 2022. In the three years since Bregman hasn’t approached that level, though his big second half last season could be a springboard back to that stratosphere. Yordan is in that stratosphere and figures to stay there for a while if his health holds up.

Can't get enough Astros coverage?

Stone Cold ‘Stros is the weekly Astro-centric podcast I am part of alongside Brandon Strange and Josh Jordan. On our regular schedule it airs live at 3PM Monday on the SportsMapHouston YouTube channel, is available there for playback at any point, and also becomes available in podcast form at outlets galore. Such as:

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