With more vehicles sold digitally and offsite, clients can now manage how and when vehicles are released.
Mobile auction network hosts 45 sales per month, with dealers averaging a 63% sales efficiency rate based on Manheim data.
Sales now available to clients at Manheim sites in Tennessee, Florida and Pennsylvania.
Manheim has released three new enhancements to its digital marketplace designed to benefit buyers and sellers: significantly more images on vehicles checked in at a physical location, the opportunity to more easily transact at below-floor prices and an additional sale format.
Market EyeQ users can now automate behavior-based predictive marketing campaigns to pre-owned car buyers and utilize Manheim Market Reports to evaluate trade-in vehicles based on real time auction prices.
Manheim and vAuto continue to create new connections across their digital platforms, helping dealers reduce depreciation risk and drive greater inventory profitability.
With ongoing interest by dealers to bid in-lane at Manheim locations, the company now offers in-lane bidding at 30 pilot sites, with 13 of those locations added this week.
Moving to an all-digital format has not slowed dealers’ ability to secure the vehicles they need to grow their businesses.
The latest measure shows values have never been higher, an indication there is rapidly growing demand for used-vehicle inventory.
Clients are now able to use tracking technology with enhanced capability when locating vehicles on lots.