{"id":111059,"date":"2021-11-12T11:00:00","date_gmt":"2021-11-12T16:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=111059"},"modified":"2023-03-01T14:18:51","modified_gmt":"2023-03-01T19:18:51","slug":"used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/","title":{"rendered":"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors"},"content":{"rendered":"\n<p>With supply chains in a crunch, making it difficult for manufacturers to build enough new cars, demand and prices for used cars have been turbocharged.<\/p>\n\n\n\n<p>October is usually a slow month for used car sales, but not this year. As supply chains remain crunched and the U.S. emerges from the coronavirus pandemic, used cars have become one of the hottest big-ticket items.&nbsp;<\/p>\n\n\n\n<p>Demand is outpacing supply and prices are rising. The Manheim Index, a key measure for the used car industry, shows that overall prices were trending more than 38% in October over where they were a year ago.&nbsp; According to&nbsp;<a href=\"https:\/\/www.businessofbusiness.com\/articles\/used-car-prices-increase-inflation\/\">data from CarMax<\/a>, a main driver of rising inflation back in June was the price of used cars, with prices up as much as 50%.<br><br>All this has been good news for&nbsp;<a href=\"https:\/\/www.tred.com\/\">TRED<\/a>, a Seattle-based online peer-to-peer used car marketplace. The company, which was launched in 2012,&nbsp;<a href=\"https:\/\/www.businesswire.com\/news\/home\/20211109005067\/en\/TRED-Announces-25-Million-in-Series-B-Funding\">disclosed<\/a>&nbsp;on Tuesday that it raised $25 million in Series B financing, putting its&nbsp;<a href=\"https:\/\/startupsavant.com\/news\/tred-car-marketplace\">total funding<\/a>&nbsp;at $37 million.<\/p>\n\n\n\n<p>This round came from investors including Vivek Raj of&nbsp;Geneses Investments, Ian Anderson at Westlake Financial and Mike Kraus at CMFG Ventures. Earlier investors included Great Oaks Venture Capital, former GM chairman and CEO Rick Wagoner, and billionaire venture capitalist Chris Sacca.&nbsp;<\/p>\n\n\n\n<p>Though it makes up only a small slice of the used car market, TRED nonetheless has a lot going for it, as our data shows. Led by founder and CEO Grant Feek, TRED purports to offer better deals for buyers and sellers than competitors by taking only listing and sales fees starting at around $100. In exchange, the company provides many of the conveniences of dealerships, including advertising the listing, verifying buyer information, handling paperwork and title transfers, and help with buyer financing.<br><br>Just within the past few months, sales and inventory have both shown massive increases for TRED. Inventory has however started to tumble as vehicles were selling faster than new listings could appear.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"755\" height=\"520\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png\" alt=\"\" class=\"wp-image-111060 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png 755w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56-700x482.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56-300x207.png 300w\" data-sizes=\"(max-width: 755px) 100vw, 755px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 755px; aspect-ratio: 755\/520;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"743\" height=\"511\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-57.png\" alt=\"\" class=\"wp-image-111061 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-57.png 743w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-57-700x481.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-57-300x206.png 300w\" data-sizes=\"(max-width: 743px) 100vw, 743px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 743px; aspect-ratio: 743\/511;\" \/><\/figure>\n\n\n\n<p>Similar trends are playing out at some of&nbsp; TRED\u2019s largest competitors such as Richmond, Virginia-based&nbsp;<a href=\"https:\/\/twitter.com\/CarMax\">CarMax<\/a>, the largest retailer in the U.S. dedicated to used cars. Sales however have shown a less dramatic surge, while meanwhile inventory has continued to rise and fall. One could surmise that cars are selling faster through newer, trendier Tred.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"791\" height=\"509\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-58.png\" alt=\"\" class=\"wp-image-111062 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-58.png 791w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-58-700x450.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-58-300x193.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-58-768x494.png 768w\" data-sizes=\"(max-width: 791px) 100vw, 791px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 791px; aspect-ratio: 791\/509;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"815\" height=\"503\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-59.png\" alt=\"\" class=\"wp-image-111063 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-59.png 815w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-59-700x432.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-59-300x185.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-59-768x474.png 768w\" data-sizes=\"(max-width: 815px) 100vw, 815px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 815px; aspect-ratio: 815\/503;\" \/><\/figure>\n\n\n\n<p>Meanwhile, Tempe-based&nbsp;<a href=\"https:\/\/twitter.com\/Carvana\">Carvana<\/a>, which is similar to CarMax but promises less hassle, has also steadily increased sales through the past year, accelerating since April. Inventory, on the other hand, has sharply increased since the beginning of 2021.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"895\" height=\"519\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-60.png\" alt=\"\" class=\"wp-image-111064 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-60.png 895w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-60-700x406.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-60-300x174.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-60-768x445.png 768w\" data-sizes=\"(max-width: 895px) 100vw, 895px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 895px; aspect-ratio: 895\/519;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"834\" height=\"524\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-61.png\" alt=\"\" class=\"wp-image-111065 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-61.png 834w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-61-700x440.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-61-300x188.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-61-768x483.png 768w\" data-sizes=\"(max-width: 834px) 100vw, 834px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 834px; aspect-ratio: 834\/524;\" \/><\/figure>\n\n\n\n<p>Overall, it\u00a0appears\u00a0TRED is looking like it could be overdue for an expansion into further markets, and that is indeed what management is intending to do with the company\u2019s latest capital infusion. Tred currently includes sellers only in Portland, Oregon; the San Francisco Bay area; Seattle-Tacoma, Washington; Southern California; San Antonio, Texas; Austin, Texas; and Dallas, Texas.<br><br>Buyers are able to purchase vehicles off of TRED from other markets currently but must have it shipped to their location.<br><br>\u201cWe see a future where people are transacting cars much more regularly, every year or two, just using their phone instead of using the traditional Craigslist or dealership model every 10 years,\u201d Feek\u00a0<a href=\"https:\/\/www.geekwire.com\/2021\/ditch-dealership-tred-raises-25m-grow-online-car-marketplace\/\">told<\/a>\u00a0GeekWire. \u201cSo we\u2019re very excited about the future of the space and we\u2019re really excited to go scale our model and hopefully be one of the major platforms that people use for it.\u201d<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted on November 9, 2021 &#8211; <a href=\"https:\/\/www.businessofbusiness.com\/articles\/used-car-sales-startup-tred-just-raised-25-million-heres-why-that-was-a-no-brainer-for-investors-carmax-carvana\/\">Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TRED, which was launched in 2012, disclosed on Tuesday that it raised $25 million in Series B financing, putting its total funding at $37 million.<\/p>\n","protected":false},"author":604,"featured_media":111060,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,6,8,9,22,26,3],"tags":[10630,9718],"contributors-categories":[13646],"class_list":{"0":"post-111059","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-macro","8":"category-north-america","9":"category-region","10":"category-securities","11":"category-stocks","12":"category-text-articles","13":"category-traders-insight","14":"tag-tred","15":"tag-used-cars","16":"contributors-categories-the-business-of-business-thinknum-media"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors<\/title>\n<meta name=\"description\" content=\"TRED, which was launched in 2012, disclosed on Tuesday that it raised $25 million in Series B financing, putting its total funding at $37 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/111059\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"TRED, which was launched in 2012, disclosed on Tuesday that it raised $25 million in Series B financing, putting its total funding at $37 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-12T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-01T19:18:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png\" \/>\n\t<meta property=\"og:image:width\" content=\"755\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christie Smythe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christie Smythe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Christie Smythe\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/d7b142eaa1b4ae3dd1bbf451ab7dd76a\"\n\t            },\n\t            \"headline\": \"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors\",\n\t            \"datePublished\": \"2021-11-12T16:00:00+00:00\",\n\t            \"dateModified\": \"2023-03-01T19:18:51+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/\"\n\t            },\n\t            \"wordCount\": 615,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/image-56.png\",\n\t            \"keywords\": [\n\t                \"TRED\",\n\t                \"used cars\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/\",\n\t            \"name\": \"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/image-56.png\",\n\t            \"datePublished\": \"2021-11-12T16:00:00+00:00\",\n\t            \"dateModified\": \"2023-03-01T19:18:51+00:00\",\n\t            \"description\": \"TRED, which was launched in 2012, disclosed on Tuesday that it raised $25 million in Series B financing, putting its total funding at $37 million.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/image-56.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/image-56.png\",\n\t            \"width\": 755,\n\t            \"height\": 520,\n\t            \"caption\": \"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/d7b142eaa1b4ae3dd1bbf451ab7dd76a\",\n\t            \"name\": \"Christie Smythe\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/christie-smythe\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors","description":"TRED, which was launched in 2012, disclosed on Tuesday that it raised $25 million in Series B financing, putting its total funding at $37 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/111059\/","og_locale":"en_US","og_type":"article","og_title":"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors | IBKR Campus US","og_description":"TRED, which was launched in 2012, disclosed on Tuesday that it raised $25 million in Series B financing, putting its total funding at $37 million.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/","og_site_name":"IBKR Campus US","article_published_time":"2021-11-12T16:00:00+00:00","article_modified_time":"2023-03-01T19:18:51+00:00","og_image":[{"width":755,"height":520,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png","type":"image\/png"}],"author":"Christie Smythe","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Christie Smythe","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/"},"author":{"name":"Christie Smythe","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/d7b142eaa1b4ae3dd1bbf451ab7dd76a"},"headline":"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors","datePublished":"2021-11-12T16:00:00+00:00","dateModified":"2023-03-01T19:18:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/"},"wordCount":615,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png","keywords":["TRED","used cars"],"articleSection":["Macro","North America","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/","name":"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png","datePublished":"2021-11-12T16:00:00+00:00","dateModified":"2023-03-01T19:18:51+00:00","description":"TRED, which was launched in 2012, disclosed on Tuesday that it raised $25 million in Series B financing, putting its total funding at $37 million.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/used-car-seller-tred-just-raised-25-million-heres-why-the-deal-was-a-no-brainer-for-investors\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png","width":755,"height":520,"caption":"Used Car Seller TRED Just Raised $25 Million. Here\u2019s Why the Deal Was A No Brainer for Investors"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/d7b142eaa1b4ae3dd1bbf451ab7dd76a","name":"Christie Smythe","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/christie-smythe\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/image-56.png","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/111059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/604"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=111059"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/111059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/111060"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=111059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=111059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=111059"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=111059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}