“Dealer response to Retail Solutions has been overwhelmingly positive,” said Grace Huang, SVP Inventory Services, Manheim. “Clients tell us that with Manheim handling the time-consuming work associated with inventory readiness and logistics, they can focus on engaging with customers.”
LAS VEGAS – To provide clients greater access to high-quality services that produce retail-ready vehicles, Manheim® announced today it is expanding its Retail Solutions operations. The company is investing $5 million to add five more locations, including Manheim Orlando, Manheim Houston, Manheim St. Louis, Manheim Detroit and Manheim Darlington, SC. Joining the Manheim Denver and Manheim Chicago sites that launched in 2015, the new locations will serve larger geographical markets.
“Dealer response to Retail Solutions has been overwhelmingly positive,” said Grace Huang, SVP Inventory Services, Manheim. “Clients tell us that with Manheim handling the time-consuming work associated with inventory readiness and logistics, they can focus on engaging with customers.”
Manheim is the only Retail Solutions provider in the remarketing space. By tapping Manheim’s services, clients can not only reduce vehicle turn time and overhead by lowering personnel and fixed costs, but can invest their resources on customer-facing priorities.
“As our operational processes for reconditioning and inspections have greatly improved by using Retail Solutions, we can spend more time on our guests and associates—two groups critical to our future success,” said Jeff Dyke, Sonic SVP of Operations, which joined with Manheim to launch Retail Solutions in Denver early last year. “Our partnership with Manheim is generating greater efficiencies and helping us maximize our revenues.”
By partnering with other Cox Automotive brands, Manheim offers a wide array of diverse services, such as AiM, Ready Logistics and DealShield®. Retail Solutions services include acquisitions, inspections, reconditioning, marshaling, title services, merchandising and transportation. Retail Solutions does virtually everything to get vehicles front-line ready for consumers to “kick the tires.”
“When Manheim approached us to offer retail reconditioning, I was skeptical,” said Ray Fidel, CEO of DriveTime. “One year later, I am a believer, as they delivered a terrific execution platform. Retail Solutions is now becoming an integral part of DriveTime's supply chain. Our dealerships are very pleased with the vehicles.”
Retail Solutions currently supports 18 diverse clients, representing manufacturers, and both franchise and independent dealers. By the end of 2016, its services will be available in a total of seven markets across the country. Its expansion creates approximately 275 local jobs, introduces master technicians into the remarketing space and offers employees learning opportunities to diversify and enhance their skills.
“Retail Solutions is a natural extension of the wholesale services we have provided to dealers for more than seven decades,” added Huang. “Clients know they can count on Manheim to support their inventory needs—every step of the way—from the auction lane to the retail lot.”
About Manheim North America
Manheim® is North America’s only complete wholesale-to-retail inventory solutions provider. Through Manheim, dealer and commercial clients have access to the largest wholesale used-vehicle marketplace which offers 113 physical locations and on-the-go mobile auctions in addition to digital auction channels. It further drives dealer success through Wholesale and Retail Solutions that help dealers get maximum value at the auction and then deliver retail-ready vehicles to the dealership. Manheim registers nearly seven million used vehicles annually and facilitates transactions representing nearly $50 billion in value. Headquartered in Atlanta, Manheim N.A. is a Cox Automotive™ brand. For more information, visit http://press.manheim.com.
About Cox Automotive
Cox Automotive, Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has nearly 30,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises, Inc., an Atlanta-based company with revenues of $18 billion and approximately 55,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.
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