Automotive Industry Veteran Justin Marquardt Named National Vice President of Sales on DriveBid™ Live Trade-in Marketplace

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Justin Marquardt, National Vice President of Sales at DriveBid

I look forward to leveraging my experience to help DriveBid become the number one destination for dealerships to purchase the inventory they need, right from the driveway, and to help consumers get the best deal for their car. .

DriveBid, the world’s leading live exchange, today announced that automotive industry veteran Justin Marquardt has joined the company as National Vice President of Sales. DriveBid is owned by audience data and advertising technology experts, DrivenIQ. DriveBid, which began registering dealers for its platform earlier this year, will officially launch in the coming weeks to allow dealers to bid and buy trade-ins directly from consumers, and to help consumers get the best offers for their used car.

“DriveBid is truly a one-of-a-kind marketplace that requires a sales leader with specialized automotive industry experience,” said Albert Thompson, Founder and CEO of DrivenIQ and DriveBid. “Justin has held leadership positions in sales, automotive technology and corporate and this is exactly the experience we need to grow the DriveBid brand and grow our national footprint. I am delighted that Justin has joined our team and I look forward to many successes as he leads our sales efforts.

Justin has spent most of his professional career in automotive sales and technology roles, first as a software trainer for Autobase, then as a business analyst and senior account manager for the company.

In 2012, he co-founded OnMARQ Marketing to provide expert advice to companies looking to improve their digital marketing and social media strategies. He then joined Ricoh, USA, an information management and digital services company, as Key Account Director.

In 2016, Justin served as Marketplace Sales Manager for TradeRev and two years later was promoted to District Sales Manager, where he was responsible for sales initiatives in the Fort Wayne area, Indiana and surrounding markets.

Justin’s last roles included Marketplace Sales Manager and Regional Business Performance Manager for KAR Global, and Marketplace Sales Manager for BacklotCars.

“The automotive industry has always been my passion and I’m very excited to lead the sales charge at DriveBid,” said Marquardt. “Frankly, I’m shocked that it’s taken so long for a live exchange like DriveBid to emerge in an industry that demands a direct connection between dealers and consumers on an online platform. I look forward to leveraging my experience to help DriveBid become the number one destination for dealers to purchase the inventory they need, right from the aisle, and to help consumers get the best deal for their car.

This latest news follows DrivenIQ’s announcement last month that it had received $15 million in a Series A funding round backed by Capstone Technologies Group, Inc. (OTC:CATG). Capstone Technologies organically acquires, operates and develops disruptive technologies. The company acquired an initial minority stake in DrivenIQ in October 2021 and has since invested additional capital to further accelerate DrivenIQ’s growth.

To connect with Justin on LinkedIn, visit http://www.linkedin.com/in/justin-marquardt-8020b57/.

About DrivenIQ

DrivenIQ is an omni-data DaaS (Data-as-a-Service) technology company and audience management platform (AMP) specializing in zero and 1st party data, data modeling and data solutions for help businesses better manage their ideal customers. The Company offers a variety of services, including website traffic, consumer analytics and data visualization, geo-zoning audience technologies, data identity resolution, adding data management, data-driven social media solutions, VisitIQ™, a caller ID solution for websites, DrivenIQ Identity Graph and DriveBidTM, a live vehicle trade-in marketplace. Founded by digital advertising expert and former car dealer Albert Thompson, DrivenIQ is known for its data solutions for the automotive industry, although it helps small, medium and large businesses in various industries. Visit http://www.driveniq.com and http://www.drivebid.com/dealer for more information.

About Capstone Technologies, Inc.

Capstone Technologies Group, Inc (CATG) seeks to organically acquire, operate and grow disruptive technologies across multiple industries where they have expertise aided by a network of experts and advisors. Capstone Technologies Group also intends to invest through wholly-owned subsidiary Capstone Venture Partners, LLC alongside blue-chip investors or directly in proven founders who are building companies with technologies that will shape the future.

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