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AutoIMS has appointed Robert Williams to the newly created position of chief technology officer.
Over the past three years commercial remarketers have cut the time it takes to sell a vehicle from the moment it arrives at auction by five days.
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.
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.
Auto Auction Services Corp. has announced that its president and CEO, Mike Broe, will retire on Dec. 31, 2018, according to a company announcement.
Key components of that strategy will include expanding educational offerings for AutoIMS clients to share client and auction best practices; evolving and expanding the company’s Technology 2020 plan; and launching a new Client Experience initiative, according to the company.
Venkat Krishnamoorthy has been promoted to COO after most recently serving as CIO. In his new role, he will continue to contribute to the company’s strategy team and oversee all facets of the technology team as well as contract management and compliance for AutoIMS.
By analyzing 347,000 vehicle sales from a 30-day period of auction sales, AutoIMS found that the average total charge amount per vehicle during this period was $385.
Manheim is expanding its AutoGrade condition score licensing program to now be available for non-NAAA auctions and wholesale marketplaces as well as other support entities.
The new Centralized Vehicle Data Repository offers a single place for remarketers to access build data, MSRP, recall, and warranty information at the VIN level — and potentially see better pricing as a result.