ATLANTA – (January 14, 2020) – Manheim launched its largest all-digital heavy truck auction on January 8 at its Indianapolis, Indiana, location; a move that further supports the company’s growing investment in Digital Block™ sales. The sale included more than 350 units and 387 online and in-lane bidders. Manheim Indianapolis is part of the company’s all-digital Specialty Auctions that include RVs and motorcycles as well as trucks.
“Our biweekly truck sale is Manheim’s largest heavy truck auction nationwide. It includes Class 4-8 commercial trucks, tractor trailers and other equipment,” explained Emily Decker, general manager for Manheim Indianapolis and Manheim Cincinnati. “Moving to a Digital Block sale format offers a safer and more efficient experience for our clients and employees, as well as significant environmental savings.”
The three-lane format is a live auction where the trucks remain parked in designated spots and are offered for sale digitally by an auctioneer via oversized monitors featuring enhanced images, barcode price scanning capability and condition report information. Manheim calculates that the switch to an all-digital format – versus driving trucks through physical lanes – will offset an estimated 284 tons of carbon dioxide each year, an amount equal to the annual electricity use of 45 homes.
“Safety always comes first,” said Paul Seger, executive vice president, asset remarketing for Element Fleet Management Remarketing and longtime Manheim partner. “Going digital for the sale of our heavy truck assets not only instills safety, but also improves efficiency and establishes consistency for our truck buyers nationwide. Because so many of them are already comfortable with Manheim’s Simulcast online bidding platform, we feel this transition to all digital will be very well received.”
Manheim’s digital journey marked several milestones in 2019, with Manheim Tucson becoming the first location to convert all lanes to the Digital Block format and its digital wholesale channels surpassing two million transactions. Digital Block lanes now comprise 20% of the lanes at physical locations nationwide.
“As we celebrate 75 years of providing wholesale solutions for dealer and commercial clients, we are excited about expanding our digital marketplace to achieve greater efficiency, improve the experience for clients and foster a culture of safety,” said Grace Huang, president of Manheim.
For more information, visit Manheim’s Specialty Auctions.
About Manheim
Manheim® is North America's leading provider of end-to-end wholesale solutions that help dealer and commercial clients increase profits in their used vehicle operations. Through its physical, mobile and digital sales network, Manheim offers services for inventory management, buying and selling, floor planning, logistics, assurance and reconditioning. With its omni-channel approach, Manheim Marketplace enables wholesale vehicle clients more efficient ways to connect and transact business how and when they want. Approximately 17,000 team members help Manheim offer 7 million used vehicles annually, facilitating transactions representing nearly $61 billion in value. Headquartered in Atlanta, Manheim North America is a Cox Automotive™ brand. For more information, visit http://press.manheim.com.
CONTACT: Lois Rossi, Sr. Director, Public Relations, at 404.568.7261 or Lois.Rossi@coxautoinc.com
