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Manheim Bringing Personalized Features to Online Platforms
Online Auction Sales Marched Higher in 2018

Online Auction Sales Marched Higher in 2018

Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.

January 30, 2019

Manheim Introduces New Vehicle-Tracking Technology

Manheim Introduces New Vehicle-Tracking Technology

The new technology — Lot Vision — is a GPS-based wireless device placed in a vehicle's on-board diagnostics port. The tracking device can also be attached to a steering wheel in the event that a vehicle does not have an on-board diagnostic port.

January 25, 2019

Manheim Updates Express App for Dealers

Manheim unveiled its updated Express mobile app at NADA 2019 that allows dealers to gain quick access to view, bid on, and purchase vehicles from inventory listed on Manheim's marketplace digital platform.

January 22, 2019

Cox's vAuto Acquires, Relaunches Recon Management Platform

Cox's vAuto Acquires, Relaunches Recon Management Platform

Cox Automotive's dealer technology unit vAuto has acquired iReconCars and relaunched the reconditioning management platform as iRecon to help dealers and other partners improve used vehicle reconditioning efficiency and speed, the company announced.

January 16, 2019

Manheim Expands its Adjusted MMR to AutoIMS

The Manheim Adjusted MMR is a wholesale vehicle valuation rating that includes aspects such as a vehicle’s AutoGrade condition, exterior color, mileage, and region.

January 10, 2019

AutoIMS Names CEO to Replace Broe

Auto Auction Services Corp., which is also known as AutoIMS, has named Venkat Krishnamoorthy as its new chief executive, following the retirement of Mike Broe.

January 2, 2019

KAR Consolidates Repo Industry Business Units

KAR Consolidates Repo Industry Business Units

KAR Auction Services, Inc. has consolidated its management team for two of its businesses — Recovery Database Network (RDN) and Clearplan — in order to improve synergies for the complementary business units.

December 11, 2018

Spireon Sold to N.Y. Private Equity Firm

Spireon Sold to N.Y. Private Equity Firm

New York-based Greenbriar Equity Group has acquired Spireon, Inc. from Bertram Capital, a San Mateo-based equity firm that has presided over the expansion of the telematics provider.

October 11, 2018

Manheim Investing $100M in Digital Platforms

Manheim Investing $100M in Digital Platforms

This investment follows years of online sales growth for Manheim. During the first half of 2018, digital sales for Manheim grew by 45% year-over-year. In 2017 sales were up 39% year-over-year during the same time period.

October 9, 2018

Auto Auction Services Corp. CEO to Retire

Auto Auction Services Corp. has announced that its president and CEO, Mike Broe, will retire on Dec. 31, 2018, according to a company announcement.

October 5, 2018

IAA Expands Towing App in Response to Florence

IAA Expands Towing App in Response to Florence

Insurance Auto Auctions (IAA) is expanding the launch of its new towing app to aid towing and hauling contractors transporting vehicles impacted by Hurricane Florence and the resulting flooding.

September 27, 2018

TradeRev Expands to Kentucky, Tennessee