The company that aims to change the way dealers sell, source, acquire, and deliver used cars announced it has raised an additional $7.5 million in equity capital. Launched in mid-2015, the Chicago-based startup has now raised $17.5 million in funding.
Black Book announced today it is now the exclusive provider of vehicle valuation data for Auction Simplified, an online auction service that allows dealers to instantly make vehicle inventory available to wholesale buyers.
Manheim plans to grow both its digital and physical space to better facilitate its growth in users.
KAR Auction Services’ security architecture program manager and enterprise security strategist, Noah Jaehnert, was honored by the International Information System Security Certification Consortium.
Five million vehicles have been sold on Ally Financial’s online auction platform, the company announced this week.
Sixteen Manheim locations received top honors from Chase Auto Finance and Enterprise Holdings at the 67th annual National Auto Auction Association convention.
A study of Manheim’s online wholesale vehicle marketplace, called OVE.com, found that vehicles posted to the site retain a higher auction value than those that are re-run through the physical lane.
Manheim recently unveiled a new indoor vehicle inspection facility and the Kelley Blue Book Resource center at its California Service Center in Riverside, Calif.
Toyota Financial Services saw a 17% rise in conversion rates during a 16-week trial of Manheim’s Enhanced Vehicle Imaging. The results of the trial were documented in a recent case study released by both organizations.
ADESA Phoenix, Kansas City Independent Auto Auction and Rawls Auto Auction were ranked the best in their regions, according to Westlake Financial Services' assessment of 45 auctions in 20 states.
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