Manheim set to release new marketplace app for listing, selling inventory faster this summer


Manheim announced Wednesday that this summer, it is launching a new and free 24/7 option within the Manheim Marketplace — Manheim Express. The mobile application for dealers provides a fast and easy way to list and sell inventory directly from lots or in-lane.

In addition to the new, the Manheim Marketplace, which experienced 58 million unique visits per year, includes, OVE and OEM-specific marketplaces.

“Manheim Express is a whole new channel and a whole new way to do business in the Manheim Marketplace,” Cox Automotive inventory solutions president Grace Huang said in a new release. “We are bringing the power of the Manheim Marketplace to the dealer’s lot, in the palm of their hand. On top of that, we are launching the industry’s only wholesale guaranteed first bid and are integrating 3D and 360-degree vehicle imaging technology that leapfrogs the competition."

After completing a few quick steps in the Manheim Express mobile app, dealers can take a Guaranteed First Bid (GFB), list it in the Manheim Marketplace, order an inspection or consign it to a Manheim operating location.

With Manheim’s GFB, the company said a minimum floor price is set, and if the vehicle does not sell for the minimum floor price or greater after being listed in the Manheim Marketplace for two business days, Manheim will buy the vehicle at the GFB price.

Dealers scan the VIN to immediately receive the vehicle’s value from Manheim Market Report, AutoCheck Snapshot vehicle history report data and manufacturer build data.

If a dealer prefers to not sell the vehicle in any of the Manheim Digital Marketplaces, they can now send their inventory to the Manheim operating location of their choosing on the app.

“Manheim Express is another example of how Manheim continues revolutionizing inventory wholesaling and how Manheim Marketplace is uniquely positioned to meet clients wherever they are – even off their lots,” added Huang.

Additionally, Manheim Express allows dealers to walk a car and create a listing complete with 360-degree images that can be uploaded into the Manheim Marketplace within three minutes.

Manheim has partnered with computer vision company Fyusion to enable dealers to walk cars and create interactive 3D images and apply smart tags to any damaged areas.

“Our products are focused on creating intelligent 3D imaging,” said Fyusion chief executive officer Radu Rusu. “Any dealer will be able to easily create a fully tagged interactive 3D image from their Android or iOS phone, that's viewable on any device — mobile or desktop.”

Manheim said it will showcase Manheim Express via hands-on demonstrations at the 2018 NADA Show.

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