TradeRev has announced two new features — Buy Now and Third Party Inspected — to its mobile app.

The new integrations are meant to enable greater access to trades, increase buyer confidence, and improve the dealer experience end-to-end, the company stated.

"With a customer-first mindset, we're constantly innovating and updating TradeRev's features to ensure we're giving dealers the best possible tool to reach their business goals," said Becca Polak, TradeRev president. "Buy Now opens a second-chance marketplace for buyers and sellers, while Third Party Inspected gives dealers another layer of trust, so they can buy with confidence."

The Buy Now feature offers dealers a second 24-hour opportunity to buy or sell a vehicle if it wasn't sold in an active auction. Through this feature, dealers can purchase a vehicle with a floor price instantly or make an offer on the vehicle.

The Third Party Inspected badge is a visual indicator that appears next to a trade listing that indicates the vehicle was inspected by a qualified TradeRev inspector.

In addition to these two new features, TradeRev also enhanced its customer filters and notifications that allow users to pinpoint their target vehicles more efficiently and also have access to more notification options.