Manheim

Manheim: wholesale used-vehicle auctions with nationwide coverage

Manheim is an American company dedicated to wholesale used-vehicle buying and selling. Founded in 1945 as Manheim Auto Auction in Manheim, Pennsylvania, it is part of Cox Automotive and is headquartered in Atlanta. The company presents itself as the world's largest automotive marketplace and as a leading provider of end-to-end solutions for wholesale used-vehicle trading.

Its business serves car dealerships, automakers, vehicle rental companies, and financial institutions. Through a unified platform, these clients can buy and sell vehicles through both physical and digital channels, with the stated goal of increasing their profits and efficiencies in used-vehicle management.

A marketplace with a high volume of transactions

The company states that its platform receives 10,000 new listings daily and reaches 76,000 active buyers, which helps sellers move their inventory more quickly. Since its founding, Manheim says it has sold more than 100 million vehicles. Its infrastructure combines more than 80 auction locations in the United States with an integrated online platform that allows it to operate anytime, anywhere.

End-to-end solutions for inventory management

Manheim offers a set of services covering different phases of wholesale operations. These include:

• Assurance: protections for buyers and sellers that include inspections, certifications, and refund coverage.
• Logistics: transportation solutions, both full-service and self-managed.
• Reconditioning: reconditioning services to prepare inventory before sale.
• Floor Planning: flexible credit lines through NextGear Capital, accepted at more than 1,000 in-person and online auctions.

These services are designed to let clients manage their wholesale business from start to finish in one place, with financing, transportation, and additional protection options.

Digital tools and decision-making

The company provides its users with industry data, high-definition images, and assurance tools to build confidence in every transaction. Its online platform allows remote bidding and selling, and over its history it has introduced milestones such as the first online access to auction inventory, the first simulcast sale, the Express Inspections system, the Next Inspect self-inspection app, and Lot Vision fixed imaging tunnels.

History and milestones

Since opening in 1945, Manheim has gone through various stages of expansion. In 1965 it was acquired by Cox Enterprises, and by 1968 it already had 25 locations nationwide. In 1996 it reached 3 million online transactions. It later acquired Dealer Services Corporation and Ready Logistics, and subsequently Central Dispatch. The company has also developed its own reconditioning center in Manheim, Pennsylvania, and has surpassed 100 million vehicles sold since its founding.

Client resources

Manheim maintains a learning center aimed at helping its clients become experts in vehicle buying and selling. It also has a client care service for issues related to bids, condition reporting, arbitration, titles, blocked accounts, and other operational matters.