Manheim is boosting investment in its Simulcast technology and will be add new features to the system, the company announced.
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Prompted by a severe shortage of auto technicians nationwide and fast-growing need by clients for the company’s reconditioning services, Manheim has launched its own apprentice program, the company announced.
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The used industry's seasonally adjusted annual rate (SAAR) was 39.8 million during June, down from the 41.1 million SAAR from the same time last year, according to Cox Automotive estimates.
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Tony Markese will lead Manheim's strategic direction for its reconditioning services as its new VP of reconditioning.
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Manheim Tucson has become the company's first all-digital auction.
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Manheim made its first digital sale a little over 20 years ago. Over the past 20 years, the company's digital sales have grown from fewer than 100 annual digital sales to over 600,000.
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Manheim announced a new integration designed to make it easier for dealers to schedule transportation for vehicles they buy at wholesale. Manheim's buyers now have seamless access to Central Dispatch's digital shipping platform to directly list vehicles on Central Dispatch.
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The investment will benefit Cox's Manheim by creating a partnership that will provide Manheim with 3D, 360-degree images, of the vehicles available on Manheim's online marketplace.
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Manheim cut the ribbon on a new, 80,000-square-foot body shop and reconditioning center at the auction provider’s Orlando, Fla., center Tuesday. The new facility is the product of a nearly $5 million investment in Manheim’s second largest wholesale location.
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The lull that the wholesale market experienced through January and February was upended in March, as the industry saw the traditional spring bounce in values, according to the most recent Manheim Index report.
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