ATLANTA – Less than one year after www.ove.com first began accepting independent auction partners, 45 independent auctions have joined the online wholesale marketplace and momentum is building each month, said Glenn O’Leary, OVE.com’s director of independent auction relations.
Backed by Manheim, OVE.com is the largest online wholesale vehicle marketplace where physical auctions play a pivotal role in the success of its business by acting as facilitation service providers, the company said. As facilitation service providers, independent auctions guarantee title, funds, and arbitration (if needed) for OVE.com’s online wholesale vehicle transactions, and can also provide added services to dealers such as post-sale inspections, paintless dent repair, and other reconditioning.
As a result of continued national consignor and dealer seller support, rapid acceptance of OVE.com by independent auction partners, and the successful adoption of OVE.com at Manheim’s own operating locations, OVE.com has enjoyed tremendous growth in 2008; it is on track to achieve 100 percent year-over-year growth from 2007. Also, the site has increased its volume from 10,000 cars offered daily to more than 25,000 and now lists inventory from more than 55 national consignors (up from 35 just a year ago).
Independent auctions seeking more information on becoming facilitation service providers for OVE.com can visit the OVE.com booth at NAAA or contact O’Leary at (678) 645-2253 or firstname.lastname@example.org.