FASTEN YOUR SEATBELTS

Pre-owned car sales platform kicks expansion into high gear

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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After the Mariners came alive late in Monday's series opener to hand the Houston the loss and keep their playoff picture hanging in the balance, the Astros returned to T-Mobile Park on Tuesday to try and decrease their magic number. Here's how the middle game went:

Final Score: Astros 6, Mariners 1.

Record: 28-27, second in the AL West.

Winning pitcher: Framber Valdez (5-3, 3.57 ERA).

Losing pitcher: Casey Sadler (1-2, 5.40 ERA).

Both teams trade first-inning runs

The Astros struck first in Tuesday's game, not waiting around until the ninth inning to get on the board. Instead, they jumped out to an immediate 1-0 lead after a two-out RBI-single by Kyle Tucker in the top of the first. The Mariners responded quickly, though, getting a leadoff single in the bottom of the inning before a two-out RBI-double of their own to tie it 1-1.

Astros score five in the sixth

The 1-1 score held all the way until the top of the sixth when the Astros would flip the script from the night prior, taking advantage of some mistakes by Seattle to put up a big inning. First, Michael Brantley started the inning with a solo go-ahead homer to make it 2-1. Then, Kyle Tucker would get his third hit of the night with one out before eventually scoring after a walk and two wild pitches, making it 3-2. With two walks to keep the inning alive and put some insurance runs on base, Martin Maldonado took advantage with a big three-run home run to extend the lead to 6-1.

Valdez finishes seven strong, Astros even series

After allowing the one run in the bottom of the first, Framber Valdez recovered and put together a solid outing on the mound. He allowed just five hits total, two of which came in the first, then back-to-back singles in the fourth and a single in the fifth, while otherwise keeping the Mariners at bay. He would end up completing seven innings of one-run baseball while striking out eight. His final line: 7.0 IP, 5 H, 1 R, 1 ER, 0 BB, 8 K, 0 HR, 108 P.

After Valdez, Enoli Paredes would take over in the bottom of the eighth, working around a leadoff single to get a scoreless inning to keep it 6-1. In the non-save situation, Josh James would come in for the bottom of the ninth and finish off the win for Houston.

Up Next: The finale and rubber game of this three-game set will start a bit earlier on Wednesday, with first pitch scheduled for 5:40 PM Central. The pitching matchup will be Nick Margevicius (1-3, 5.35 ERA) for the Mariners going against Zack Greinke (3-2, 3.90 ERA) for the Astros.

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