ATLANTA, July 31, 2017 – To strengthen and grow its digital offerings, Manheim announced today that Nick Peluso will lead the remarketing leader’s digital strategy as president of Manheim Digital Marketplace, while continuing as president of RMS Automotive. In his dual role, Peluso is responsible for Manheim’s digital channels, including OVE, Manheim.com and Simulcast, in addition to RMS Automotive’s global business.
“By aligning our digital resources under one proven leader, we can better ensure our clients benefit from the advantages delivered by our market-leading digital platforms,” said Grace Huang, senior vice president of Inventory Services for Manheim. “Nick’s deep knowledge of the ever-evolving digital marketplace makes him the ideal executive to direct our next-generation digital future.”
Reporting to Huang, Peluso will leverage his more than 30 years of automotive experience and tap the synergies between the two companies’ diverse portfolio of leading digital solutions to drive transaction velocity and efficiency. His efforts will focus on setting the industry standard by making the client experience faster, simpler and more convenient.
“I’m eager to help shape the next phase of our digital remarketing strategy, especially at a time when dealers and commercial clients increasingly rely on digital channels to conduct business anytime, anywhere,” said Peluso. “My goal is to broaden our services and deliver a suite of digital tools that advance our clients’ speed to market.”
Peluso joined Cox Automotive in 2000 as president of remarketing solutions for Manheim and soon became senior vice president of customer management for Manheim before being named president of RMS Automotive in 2014. Prior to that, he spent 12 years in leadership positions with ADT Automotive, Inc., including vice president of sales and marketing.
About Manheim North America
Manheim® is North America’s leading provider of vehicle remarketing services, connecting buyers and sellers to the largest wholesale used vehicle marketplace and most extensive auction network. Through its 115 physical, digital and mobile auction sales, the company helps dealer and commercial clients achieve business results by providing innovative end-to-end inventory solutions. Approximately 18,000 employees enable Manheim to register about 7.5 million used vehicles per year, facilitate transactions representing nearly $50 billion in value and generate annual revenues of more than $2.6 billion. Headquartered in Atlanta, Manheim North America is a Cox Automotive™ brand. For more information, visit http://press.manheim.com.
About RMS Automotive
Transacting vehicles in multiple countries and growing, RMS Automotive, a Cox Automotive brand, delivers a global enterprise software solution that enables its commercial clients to manage their portfolios across the complete vehicle lifecycle – from new car build to used car sale. Through automation and data science, RMS Automotive provides VIN-specific recommendations for accurate vehicle pricing as well as optimal reconditioning and inventory distribution. These services deliver real-time integration with a client’s platform, faster remarketing time, reduced depreciation/cost of capital, improved residuals and reduction in wholesale losses. For more information about RMS Automotive, visit www.rmsautomotive.com or www.rmsautomotive.eu.
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 33,000 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 60,000 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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