As a result of a successful partnership that is generating new opportunities for its dealer customers, Manheim announced ]that DriveTime selected Manheim and Go Auto Exchange as exclusive remarketing partners. This first-ever partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions, and online. DriveTime, the nation’s largest subprime credit used car dealer, operates 122 stores in 47 markets.
“Through our close working relationship, we frequently collaborate on new and different ways to help our mutual customers succeed,” said Heath Vaughan, DriveTime’s managing director of inventory. “This partnership with Manheim and Go Auto Exchange is another example of how we are creating greater vehicle efficiencies for DriveTime, while giving customers greater access to larger vehicle volumes.”
This partnership offers both companies a variety of benefits, including added flexibility in developing new technologies, increased efficiencies by doing business with a single vendor and the ability to focus on solutions for a broader base of existing and new customers.
“Our strong partnership allows us to put together our best thinking to create new and better ways to help our customers succeed,” said Susie Heins, Manheim vice president - dealer sales. “With dealers’ ongoing needs to access wholesale vehicle inventory and various types of financing, our joint expertise can deliver these services efficiently and effectively.”
Manheim and DriveTime have been working together for several years. During this time, both companies have developed a variety of solutions for their customers, including the creation of Go Auto Exchange, a new wholesale auction company focused on independent dealers and the low-end vehicle segment, and Manheim’s equity stake in Go Financial, an innovative subprime finance company providing dealers with more financing options via NextGear Capital.