Renovo Partners with Manheim to Remarket Repossessed Vehicles

ATLANTA – Renovo Services and Manheim announced a strategic partnership to begin selling repossessed vehicles directly from secured storage facilities across the country.

“Manheim is the leading remarketing company in the industry, so they are the ideal partner to help us expand our portfolio of services,” Kevin Flynn, chairman and CEO of Renovo. “Partnering with Manheim provides our lenders more convenient service, ensuring fewer days to sale and improved cost-savings on vehicle transportation.”

Renovo will list its repossessed vehicles directly on OVE.com, allowing dealers faster access to vehicle inventory. Once a vehicle is purchased, it will be transported directly from one of Renovo’s secured storage facilities to the buyer’s lot.

“Manheim is pleased to begin this partnership with Renovo - they’re the best at what they do and we believe they will provide our customers high-quality vehicles,” Nick Peluso, senior vice president, customer management, Manheim. “This alliance is another way Manheim will be able to offer our dealers an even larger selection of inventory further upstream in the remarketing cycle.”