The Manheim Marketplace achieved record growth across its digital channels in the first half of 2018, including double-digit growth in digital transactions, volume and sales as wholesale vehicle buyers and sellers continue to adopt a faster, more cost-effective way to move inventory.
For every vehicle that the auction group sells in 2018, it will donate a portion of the proceeds to the foundation. The auction group's goal is to raise $50,000 this year.
Dealers Auto Auction Group (DAAG) has purchased Tri-Cities Auto Auction in Bluff City, Tenn., and will be renaming it to Dealers Auto Auction of East Tennessee.
All of the proceeds of the sale are going to the NIADA Foundation, and the vehicle will be delivered to Haus for free by ADESA. The NIADA Foundation awards scholarships to deserving college-bound students across the U.S.
The initiative began in 2014, when the company first announced that its $400 million multiple-year project to transform its auction operations. In that time Manheim brought enhancements to both its physical and digital properties.