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Xcira, a digital auction technology provider, has issued a set of commitments to its partners during the COVID-19 pandemic to ensure that auction and asset owners are best equipped to use their technology.
Companies such as Manheim and ADESA have invested time and money to bolster the digital side of their business to meet the demands of this growing field, and so have fleet management companies.
Online remarketing has been a growing trend for the past few years and it promises to continue. As more remarketers are selling and buying wholesale vehicles online, some new trends have emerged.
Manheim has updated its Manheim.com website with a new look and faster access to favorite tools, new standards for vehicle information across channels, and an enhanced Simulcast experience.
Manheim is facilitating dealer-to-dealer sales through Express Direct, a new offering that is accessed through the Manheim Express app.
Along with audio/video, Manheim has added 360 interior imaging to Manheim Express, Manheim.com, and OVE users.
Dealers who purchase a vehicle on Manheim Express are now able to order Ready Logistics’ transportation services directly through the app.
ACV Auctions said this acquisition furthers its mission to provide the industry with an accurate view of vehicle conditions.
Through the partnership, more than 5,000 car dealers will gain the ability to list vehicles for sale, rent, or rent-to-own to ride share drivers who download the DriveItAway app.
This investment round brings Vroom’s total capital raised to $721 million.
Recovery Database Network and Clearplan — two business units of Kar Global — have made enhancements to their respective platforms.
The new capital will allow ACV Auctions to further its investment in technology and data driven solutions that will help dealerships source and sell used vehicles.
The platform has been in use throughout the company's Canadian operations since 2016, but it is now bringing it to the U.S. market.
KAR Global's Openlane digital marketplace has given $10,000 in donations to two organizations and will launch an employee engagement initiative in 2020 to support coding education in Canada, the business unit has announced.
TradeRev cut down vehicle delivery times by nearly 50% in the first half of 2019. The company is now on pace to deliver cars within 100 miles in two days