ATLANTA – Anyone in the vehicle remarketing industry knows that juggling bids and sales between multiple digital and physical auction platforms is a challenging task. But now that chore is a thing of the past thanks to a new technological solution from AutoIMS that is now available to OVE.com customers. AutoIMS has developed an integrated system to manage inventory through digital and in-lane selling venues. This new “Hub” technology extends proven AutoIMS in-lane inventory management tools to the digital sales world with OVE.com.
OVE.com – the industry’s leading 24/7 bid or buy now wholesale vehicle marketplace – is a key part of Manheim’s digital marketplace and a leading internet selling platform in the wholesale vehicle remarketing industry. OVE.com now leverages AutoIMS Hub technology so that units can be posted directly online. The Hub also provides visibility to existing online inventory posted by other methods, even prior to physical auction arrival. Consignors can now access key details about inventory on OVE.com, communicate online floor pricing and run consolidated reports – inclusive of online bid and sale activity – directly through AutoIMS. Auction users have the same added conveniences and will be able to use existing, electronic condition report data to seamlessly post inventory online.
“We’re excited and committed to enhancing the competitive bidding element of the vehicle remarketing industry, and we believe the AutoIMS Hub and our partnership with them marks an important step in that direction,” said Joe George, senior vice president of product development at Manheim. “Remarketers have always embraced new ways to create optimal marketplaces, and this recent AutoIMS innovation is a great example of how we, as an industry, are continuing that tradition.”
The AutoIMS Hub launch is well-timed as remarketing volumes begin to rebound and commercial consignors of all types continue to increase their use of online selling venues. Through its support of the Hub, the auction industry is showing that it understands the growing importance of online channels and is dedicated to providing a seamless remarketing inventory management platform to institutional sellers.
Joe Miller, AutoIMS director of customer service explains, “AutoIMS has made it easier for auctions and sellers to communicate about physical sales throughout North America for over a decade. Now our advanced analysis tools and communications infrastructure can be used to manage the growing number of online sales.”
AutoIMS offers customers many benefits: it streamlines the inventory management process; it attracts more bidders, gives customers more control and empowers customers with more real-time information so they can make intelligent and informed decisions about inventory more efficiently than ever before.
“Manheim is enthusiastic about the value that this partnership will bring to our national account base,” said Rick Pomeroy, Manheim’s vice president of national client sales support. “AutoIMS is a vital piece of the inventory puzzle, and since more commercial sellers are adopting an ‘anytime, anywhere’ approach to selling, this integration will continue to be an important priority for the Manheim team.”
About Manheim (www.manheim.com)
Manheim is the world’s leading provider of vehicle remarketing services. Through its 106 worldwide wholesale operating locations and digital services, Manheim influences every stage of a used vehicle’s life cycle, helping commercial sellers and automobile dealers maximize the full value of their vehicles. Drawing from its auction transaction volume, Manheim Consulting publishes the annual Used Car Market Report, the definitive source of data for the used car industry. Manheim Consulting offers a wide range of services including custom analytics, business optimization and macro economic analysis.
Manheim is the online vehicle remarketing leader, connecting buyers and sellers to the world’s largest, most comprehensive wholesale marketplace through its extensive in-lane and digital offerings. Manheim.com receives nearly 900,000 visits each week.
Additionally, Manheim offers services including reconditioning, certification, inspections, dealer financing, title management and marshaling, among others. Through its wide array of services and technologies, industry publications, customer support and educational offerings, Manheim gives its customers maximum control over how they buy and sell vehicles, helping them to conduct business in the most efficient way possible. Worldwide, the company handles nearly 8 million used vehicles annually, facilitating transactions worth more than $50 billion in value.
Headquartered in Atlanta, Manheim is a subsidiary of Cox Enterprises, a leading communications, media and automotive services company.