Recently, the International Automotive Remarketers Alliance (IARA) submitted an open letter to the industry regarding its support for a multi-platform bidding system (MPS).
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Manheim and several other remarketing industry partners will continue moving forward to develop a multiplatform bidding system in the wake of announcements by ADESA and ServNet Auctions dropping out of the planning process.
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In light of recent announcements, the Executive Committee of the International Automotive Remarketers Alliance (IARA) issued a statement to reinforce its position on the Multiplatform Bidding System (MPS) initiative.
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ServNet announced that it has decided not to participate in the remarketing industry’s currently proposed Multiplatform Bidding System initiative (MPS).
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ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
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