Welcome!

News Feed Item

MyRedToy Introduces Brand New Approach to Purchasing Cars

Reverse auction service pits car dealerships against one another to bring the lowest prices to aspiring car owners.

NEW YORK, Feb. 12, 2013 /PRNewswire-iReach/ -- MyRedToy (https://myredtoy.com) is a reverse auction service that sets car dealerships on a bidding competition against one another to reveal the lowest possible prices, without the need for painful and time-consuming episodes at the showroom. With over 16,000 registered dealerships across the country, MyRedToy is among the largest car dealership networks in the United States.

(Photo: http://photos.prnewswire.com/prnh/20130212/CG59014)

MyRedToy works by inviting potential new car owners to notify dealerships (within 100 miles) of their intention to purchase a new vehicle. These dealers will be able to transparently study the offers that have already been made by their competitors, and table an attractive offer. Potential new car owners are provided with a complete report and price certificate when the auction ends. They are free to walk away with zero obligations, and at no cost, if no acceptable deal is found.

"The concept for MyRedToy was created because I was tired of the stressful and needlessly expensive visits to car dealerships when purchasing my last few cars," said Wonsang Cho, Founder and CEO of MyRedToy. "The tactics are always the same – they present you with a grand speech, sit you down for 3 hours, while pretending to get permission from the General Manager to give you the best ever deal that has never been offered before. MyRedToy puts the pressure back to the dealerships, and lets the consumer sit back and relax, while getting their new car at a great price."

Proprietary market research by MyRedToy found that new car buyers visited an average of 2.3 dealerships before making their final purchases. These add up to an estimated 6 hours of invested time commuting and listening to sales pitches. Together the growing trend of new car buyers using the Internet as a research resource, MyRedToy brings it one level higher by delivering accurate, transparent and binding best prices through the Internet, right into the living room.

MyRedToy is remarkably simple to use:

  1. Select from a comprehensive list of car manufacturers and the options & packages on offer.
  2. Dealers within 100 miles will be notified and requested for their best, out-of-door price.
  3. Monitor the 72 hour auction on the website, and receive a report when the auction closes.
  4. Print a MyRedToy price certificate and head down to the dealer to complete the purchase, OR walk away with zero obligations and at no cost.

MyRedToy goes live today. The latest developments and events will be announced on the website, as well as the MyRedToy Facebook page.

About MyRedToy

MyRedToy is a U.S. based service company that is dedicated to continuously improving the car buying experience for consumers. The company operates one of the largest car dealership networks in the US, and its proprietary online reverse auction platform serves as a valuable tool for new car buyers to gain access to accurate, transparent and lowest prices for new cars.MyRedToy continues to deliver unique solutions to car purchasing challenges through collaboration and innovation with dealers and consumers. For more information, visit https://www.myredtoy.com/.

Media Contact: Wonsang Cho MyRedToy.com, 401-323-6683, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE MyRedToy.com (Karmuse LLC)

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.