Prestige Management Services Doubles OVE.com Online Event Sales

ATLANTA – To meet customer demand, Prestige Management Services will expand its partnership with OVE.com, Manheim’s 24/7 bid or buy now wholesale vehicle marketplace, by doubling the number of online sales it hosts each month. Previously, the online sales were held every other week; beginning Wednesday, June 8, buyers seeking premium Prestige Management Services inventory are able to shop weekly via OVE.com.

All sales will be held on Wednesdays from 3 to 5 p.m. ET. Inventory previews for each sale will begin at 3 p.m. ET the Friday before the sale. Buyers are encouraged to take advantage of the long preview period to prep for the short sale windows each week.

“Our buyers have told us it’s important for them to have a consistent flow of fresh inventory available to purchase,” said Chris Turner, vice president, Prestige Management Services. “By expanding our OVE.com sales to every week, we hope to get our cars to market faster and meet the growing demands of our loyal customers.”

Prestige Management Services already has more than 1,300 sales year-to-date on OVE.com and has enjoyed a 200 percent increase in sales year-over-year as of June. The dealer group anticipates that the increase to weekly online sales will improve its sales percentage, which is currently almost 85 percent, during the second half of the year.

“For the last few years, we’ve watched the Prestige group price aggressively, counter bids and take all reasonable offers on their OVE.com units,” said Joe George, group vice president, Manheim Digital. “This strategy has paid dividends and has earned them the title of industry leader for online dealer sales. We look forward to working with Prestige more frequently and providing our online buyers the top-tier customer service and inventory we know Prestige will offer each week.”

A 40-year-old company based in Paramus, N.J., Prestige Management Services operates six franchised stores at seven locations in Bergen County, N.J. Prestige Management Services was OVE.com’s top volume dealer seller group in 2010.