Manheim has grown its partnership with Carvana, allowing the online used car retailer to streamline its wholesale purchases and sales from Manheim, according to a company announcement.
Through the expanded partnership, Carvana will now be able to purchase and sell wholesale inventory via Manheim’s online marketplaces, the announcement added.
Carvana secures the inventory that it sells to consumers similar to how traditional auto retailers secure their inventory: through industry suppliers and by purchasing cars from the general public. Carvana also uses Manheim’s services to conduct online sales for its wholesale inventory.
One of those services includes Manheim’s Market Reports, which are used to provide condition reports and price guidance, in order to optimize sell prices for Carvana.