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.
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.
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.
In 2017, 40% of vehicles sold at Manheim were purchased through a digital screen versus in-lane, reported Manheim in a recent announcement. This meant that through 2017, 2 million vehicles at Manheim auctions were purchased through a digital transaction.
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.
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.
A new co-listing capability being offered by RMS Automotive and Manheim is allowing open sale vehicles listed on manufacturers’ digital sales platforms powered by RMS Automotive to be simultaneously offered on Manheim.com and OVE, according to a company announcement.
Manheim’s digital channels showed a 22% increase in vehicles sold in Q2 2016 when compared to 2015. This includes increases in avenues such as OVE, Simulcast, and Manheim’s mobile sites and apps.
The enhancements, which took effect last month, are designed to help buyers find relevant inventory quicker and make the sale process easier and faster.
To help dealers take advantage of the influx of used vehicles expected in the first quarter, Manheim is offering 30-day interest-free loans for $30 effective Feb. 1, 2014.
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