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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.
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.
RMS Automotive is partnering with Manheim to develop a vehicle recommendation engine for wholesale buyers, according to a company announcement.
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.
Manheim has launched a new Insight Condition Report aimed at providing a more accurate representation of the vehicles on its online platform.
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.
Wholesale used vehicle prices were flat in February, halting three months of declines, according to Manheim’s Used Vehicle Value Index.
Manheim is launching Manheim Express, a mobile app for dealers that gives dealers a self-service method of listing and selling inventory through the Manheim marketplace, according to a company announcement.
Jim Williams will succeed Patrick Brennan, who previously served in the position but was recently promoted to senior vice president of Inventory Solutions’ Marketplace.
Wholesale used-vehicle prices decreased 0.74% month over month in January. This brought the Manheim Used Vehicle Value Index to 131.0, a 4.9% increase from a year ago but the lowest level since last July.