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What is the Manhein Auto Auction?

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Quick Answer

The Manheim Auto Auction is a wholesale automotive auction and vehicle re-marketing service that operates through 122 locations worldwide. The auction claims to register approximately 7 million vehicles annually into its various auctions and processes transactions that are worth almost $46 billion.

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Full Answer

Some of the services provided by the Manheim Auto Auction include providing an online auction schedule and inventory that buyers can attend or view through the auction's website and simulcast services. Manheim.com also provides an inventory manager service for sellers through its platform, allowing them to view auction runs, manage existing vehicle inventory or add new vehicles to sell. Both sellers and buyers can also request valuation for both MMR and post-sale results.

Other services provided by the auction include arbitration services, vehicle condition reporting, financing, purchase protection through inspections and vehicle reconditioning. Members of the Manheim Auto Auction website can also access a personalized user interface that displays their bidding activity, payment, sales, selling activity and any purchases made.

As of 2015, Manheim Auto Auction is a subsidiary of Cox Enterprises, an Atlanta-based company. Some of the international locations where the auction operates include the United Kingdom, Turkey and Australia. The first Manheim auto auction was held in Manheim, Pennsylvania, in 1945.

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