Manheim and vAuto have partnered on a new offering to help provide deeper insights for dealers to make better wholesale buying decisions.
Manheim, saying that dealers are relying more heavily on digital tools and are hungrier than ever for those insights, said the dashboard will wrap around Manheim.com, Simulcast, OVE and Manheim Private Stores.
The new offering is called Manheim Dashboard, and it will give vAuto Provision clients instant access to data insights that would previously require a full appraisal of the VIN to inform their interest and actions.
That, according to Manheim, allows dealers to make more informed buying decisions at a glance. All in one place, they can use more than 15 key data points to determine the value of every vehicle in the Manheim Marketplace.
“The better data dealers have at their fingertips, the better decisions they can make,” Manheim Digital Solutions senior vice president Zach Hallowell said in a news release.
Manheim Dashboard provides insights for clients that it says are well beyond the traditional MMR data they typically rely on.
With the integration of vAuto’s “Live Market View,” dealers can click a lightbulb icon next to the vehicle listing to see retail market data including guidebook values and vehicle condition information on hundreds of cars. Manheim said dealers can do that in a fraction of the time it would normally take.
Dealers who do pre-work can save cars to a favorites list.
They can also write and save their own personal notes.
That information will follow the car — even through a Simulcast live sale — where quick decision-making on how much to pay is crucial.
In addition, the Manheim Dashboard is directly connected with clients’ vAuto Provision software, allowing them to perform a full appraisal right from the same window, and they can do that with no more time spent cutting and pasting VINs.
With the new feature, buyers gain greater purchasing power. They do that by expanding their current reach and providing all relevant data needed to make a more educated, on-the-spot decision.
vAuto’s intelligence is fueled by an analysis of activity from more than 12,000 vAuto dealerships. Those insights are then presented so dealers can more effectively search for vehicles. They can also make more informed bidding and buying decisions, Manheim said.
“While Stockwave is still agnostically available to any dealer using any auction platform, this integration gives Manheim clients a leg up with exclusive access to the glance feature earlier in their acquisition workflow,” Manheim said.
The company is featuring Manheim Dashboard at the virtual NADA 2021 conference.
“This solution brings together the power of the Manheim Marketplace with the actionable insights dealers trust to create an extra boost of confidence when they’re stocking inventory,” Hallowell said.
Source : AutoFinanceNews
