vAuto and Manheim announced a further integration of their product offerings, bringing more used vehicle and pricing information available to dealerships. Manheim Market Report (MMR) and OVE.com are now integrated within vAuto’s inventory management solution.
MMR, a leading indicator of wholesale prices, is now displayed in vAuto’s appraisal module. vAuto customers can access MMR data, comprehensive wholesale values by make, model and series. The level of vehicle detail available from MMR allows dealerships to make better decisions when appraising a vehicle, which is critical in today’s rapidly changing used vehicle market, says a news release.
Manheim’s pricing calculations are based on more than 10 million sales transactions for the previous 13 months. This transactional data is updated on a regular basis.
OVE.com, Manheim’s 24/7 online wholesale vehicle marketplace, is also available in vAuto’s pricing module. vAuto customers already have the ability to see available vehicles at the auctions and online through the stocking module. Now they will be able to post vehicles directly to Manheim’s online wholesale marketplace at the same time. OVE.com has the largest selection of inventory in the industry and offers vAuto customers another channel for selling their vehicles.
“Integrating further Manheim functionality is a huge win for our customers,” says Keith Jezek, president, vAuto. “We realize that dealers rely on vAuto’s tools to make the most informed decisions to maximize profitability. The addition of MMR data and OVE.com gives vAuto customers the best resources to accurately appraise their vehicles and another channel to immediately go to market.The partnership of Manheim and vAuto offers our customers a unique advantage to source the right vehicles at the right prices.”
“This is an exciting expansion of our partnership with vAuto,” says Joe George, group vice president, Manheim Digital. “This enhanced offering provides our mutual customers the ability to optimize their inventory needs with a leading-edge solution – something that we feel can help dealers better compete.”
In February, 2011, vAuto announced that its customers could source used vehicles available at Manheim operating locations with the ability to access Manheim run lists from within vAuto’s stocking module.
