ATLANTA – May 5, 2021 – With the first quarter of 2021 in the books, Manheim data is showing that the hybrid digital and physical wholesale experience is paying off for clients. While the vast majority of clients are still choosing to do business digitally—with ~80% of Manheim’s sales in 2021 going to digital buyers—some are enjoying the opportunities to bid and buy in-lane. In fact, the Manheim Marketplace is more active and vibrant than ever, proving that Manheim’s drive toward a connected experience across physical and digital channels is what clients want—and need—in wholesale at this time.
“We’re seeing significant growth across all measures in our marketplace, showing that our current strategy of providing clients with both digital and physical options is working well for them,” said Zach Hallowell, senior vice president, Manheim Digital. “This hybrid approach gives buyers the options they need to make confident purchases while delivering strong results for our sellers.”
Highlights of these positive trends include:
“Delivering a trusted wholesale vehicle marketplace that works for everyone remains Manheim’s top priority,” added Hallowell. “We will continue to listen to—and work closely with—our clients to give them everything they need to buy and sell used vehicles in a way that works best for them.”
As the year progresses, Manheim will continue to roll out more enhancements to the ways clients buy and sell wholesale vehicles, working toward a more seamless Connected Client Experience across platforms. Clients can expect to see advancements in imaging and condition information, smoother processes for pre- and post-sale activities and more.
About Manheim
Manheim® is the nation’s leading provider of end-to-end wholesale vehicle solutions that help dealer and commercial clients increase profits and efficiencies in their used vehicle operations. Through its physical, mobile and digital sales network, Manheim offers services for decisioning, buying and selling, floor planning, logistics, assurance and reconditioning. Operating the largest vehicle wholesale marketplace, Manheim provides clients with choices to connect and transact business how and when they want. With nearly 6 million used vehicles offered annually, Manheim team members help the company facilitate transactions representing nearly $60 billion in value. Headquartered in Atlanta, Manheim North America is a Cox Automotive™ brand. For more information, visit http://press.manheim.com