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...
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As the Astros prepare to play their first game of spring training against the Nationals this Saturday, we're starting to see reports about how the players approached the offseason, and what tweaks they made to improve in the 2024 season.
Cristian Javier is a player Astros fans are hoping bounces back this year, as his ERA jumped from 2.54 in 2022 to 4.56 in 2023. Workload was thought to be one of the main factors causing his regression, he dealt with a dead arm last season and threw more innings than ever before (162).
Another explanation could be the pitch clock. This was another new element all pitchers had to deal with last year, and that also likely played a role in his struggles.
But according to The Athletic's Chandler Rome, Javier believes he was carrying some extra weight last season. Add that to some mechanical issues he was experiencing, and his struggles in 2023 make a lot more sense. And to be fair, he wouldn't be the first person to get a little fat and happy after winning a World Series.
Cristian Javier said he lost around 15 pounds this offseason. He acknowledged that some of his struggles last year could be attributed to some extra weight he was carrying around in addition to the already-documented mechanical flaws he had.
— Chandler Rome (@Chandler_Rome) February 22, 2024
In an effort to get back on track in 2024, Javier said he lost around 15 pounds this offseason. With the pitch clock not going anywhere, pitchers need to be in better cardiac shape than ever before.
Hopefully this modification helps Javier return to form and put up jaw-dropping numbers like he did in 2022. This rotation needs Javier to be the dominate pitcher we all know he's capable of being. With Justin Verlander behind schedule and Framber Valdez trying to bounce back from his own down year, Houston will depend on Javier like never before.
The Astros are certainly counting on it after giving him a 5-year, $64 million contract last season. Javier will definitely be a player to watch this spring.