Manheim is investing $17 million into its Retail Reconditioning solution — a service that provides dealers an alternative to in-house reconditioning — to enhance its current reconditioning locations and develop proprietary technology to enhance the solution.
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The five independent auctions that will be joining include Big Valley Auto Auction, Corpus Christi Auto Auction, Greater Milwaukee Auto Auction, Houston Auto Auction, and San Antonio Auto Auction.
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Liquid Motors has reached multiple significant milestones, according to the provider of remarketing software to dealers.
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Manheim has launched a new digital dealer sales channel on its OVE platform that will allow dealers to host digital event sales using inventory on their lots without having to move the vehicles to an auction location, the Cox Automotive company announced.
Read More →RMS Automotive and Manheim have launched a new co-listing capability designed to give independent dealers access to open sale vehicles listed on RPM, the Nissan and Infiniti upstream digital sales platform powered by RMS Automotive.
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Franchise dealers now view the used car market more optimistically than the new vehicle market, according to a new sentiment index from Cox Automotive. The finding speaks to the current shift of car buyers with prime and subprime credit toward the used market.
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Manheim's mobile sales have grown 52% in the past year from online auctions hosted at 47 locations around the country, Manheim announced.
Read More →The continued weakness in the sedan segment compounded with declining fleet sales led to a year-over-year decline in new-car sales during June, according to the NADA.
Read More →NextGear Capital and Ready Logistics have partnered to offer a new kind of transportation financing solution that will allow its clients to buy, floor, and transport vehicles through a single transaction, according to a company announcement.
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Manheim has named Peter Grupposo as vice president of dealer sales and Holly Capps as vice president of inventory solutions commercial and wholesale sales, according to a company announcement.
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