Manheim Express, a mobile app that allows dealers to list and sell inventory from their lots or in-lane, is now available nationwide after an eight-month pilot, according to a company announcement.
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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.
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Wholesale prices had been on the decline since April 2018, however, a strong showing in June bucked that trend and moved current wholesale price performance ahead of last year.
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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.
Read More →Manheim has opened a new retail reconditioning center at Manheim San Francisco Bay, marking the 19th retail reconditioning site that Manheim has opened, according to a company announcement.
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Manheim has grown its partnership with Carvana, allowing the online used car retailer to streamline its wholesale purchases and sales from Manheim, according to a company announcement.
Read More →RMS Automotive is partnering with Manheim to develop a vehicle recommendation engine for wholesale buyers, according to a company announcement.
Read More →The sale was a joint effort between Manheim San Diego and Toyota / Lexus Financial Services titled the “Heroes of History” Event Sale. The sale was held on March 27 and offered 175 pre-owned, late model Toyota and Lexus vehicles for sale.
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Manheim has launched a new Insight Condition Report aimed at providing a more accurate representation of the vehicles on its online platform.
Read More →The intelligent search uses machine learning in order to learn client behaviors and preferences over time. As the system learns more about a specific user, results that it provides will appear in an order that is more relevant to that user.
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