- Fintech innovator PowerBand Solutions is helping to maintain the vitality of the automotive market amid a pandemic-propelled recession by promoting smart tech-facilitated sales transactions
- PowerBand Solutions’ new cloud-based platform simplifies the process of non-face-to-face sales transactions while fulfilling the requirements of financing and inventory paperwork, vehicle inspections and auction negotiations
- The advent of the COVID-19 pandemic has left nearly all industries reeling on a global scale, and analysts predict the automotive industry will end the year with reduced sales at levels nonetheless higher than 2009’s recessionary figures
- American auto markets were sent reeling this spring when the COVID-19 pandemic swept ashore and began claiming large numbers of victims in-country, in tandem with nearly all other industries that suffered the economic fallout of business shutdowns, public event cancellations, stay-at-home orders and consumer fears of the unknown
At the same time, PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) began emerging as a innovative new alternative to the legacy model for car and truck sales, establishing a consumer-driven online platform that emphasizes a simplicity, speed and cost-efficiency never before available through a virtual auto sales network.
PowerBand Solutions is improving the sales experience and the necessary elements of the transaction for sellers and buyers, facilitating the transfer of money, financing and inventory paperwork, vehicle inspections and auction negotiations through a new platform that is based in the…
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