Manheim launches new valuation and appraisal product suite
Manheim, part of Cox Automotive, has launched a new suite of valuation and appraisal products to support dealers with the part-exchange process, both online and on-site.
The products are all based on Manheim’s market-leading valuation technology, which uses wholesale and retail data to calculate accurate vehicle values up to six months in advance.
The suite of products consists of eVA Valuations, eVA Appraisals, eVA Underwrite and eVA Insight. It’s designed to offer tailored solutions across the entire part-exchange process, from online consumer valuation through to insight-led disposal decisions.
The move comes as UK car retailers report a growing interest in ecommerce. According to a survey conducted by Cox Automotive earlier this year, 80% of dealers expect to offer a full ecommerce experience within the next five years.
Paul Humphreys, managing director of Car Buying & Mobility at Cox Automotive UK explained: “The move towards online car buying has begun and is gathering pace, but building part-exchange into the deal adds an element of complexity that other parts of the retail sector haven’t needed to overcome.”
“In the world of new cars, we already offer part-exchange valuation tools that feed into the full ecommerce offering of OEMs, allowing online consumers to complete their deal, from car configuration right through to delivery.”
“eVA Valuations allows dealers to offer this service to consumers looking for a new car through a white label tool that integrates with their website.”
In addition to online valuations, dealers can take advantage of eVA Appraisals, a vehicle inspection tool that supports the dealer sales team to deliver accurate, consistent part-exchange appraisals.
When it comes to disposing of the vehicle, eVA Insight uses data to support smart decision making on whether to sell a vehicle on the forecourt, or through the wholesale network. Alternatively, Manheim is so confident in its valuations that it will offer to buy the car for a guaranteed price, which is where eVA Underwrite comes in.
Humphreys added: “Manheim has been a market leader in valuation and appraisal technology since the launch of its Seller Advance product in 2009. Manheim Valuation & Appraisals takes this product to the next level with the addition of a consumer facing tool, deeper insight, and the option to sell the vehicle for a guaranteed price.”
“All our current Seller Advance clients will be migrated to the new platform during 2020 enabling them to benefit from the growing demand for ecommerce services in the automotive sector.”
“We’re extremely excited about this new suite of products and the benefits they will bring to our customers.”
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The products are all based on Manheim’s market-leading valuation technology, which uses wholesale and retail data to calculate accurate vehicle values up to six months in advance.
The suite of products consists of eVA Valuations, eVA Appraisals, eVA Underwrite and eVA Insight. It’s designed to offer tailored solutions across the entire part-exchange process, from online consumer valuation through to insight-led disposal decisions.
The move comes as UK car retailers report a growing interest in ecommerce. According to a survey conducted by Cox Automotive earlier this year, 80% of dealers expect to offer a full ecommerce experience within the next five years.
Paul Humphreys, managing director of Car Buying & Mobility at Cox Automotive UK explained: “The move towards online car buying has begun and is gathering pace, but building part-exchange into the deal adds an element of complexity that other parts of the retail sector haven’t needed to overcome.”
“In the world of new cars, we already offer part-exchange valuation tools that feed into the full ecommerce offering of OEMs, allowing online consumers to complete their deal, from car configuration right through to delivery.”
“eVA Valuations allows dealers to offer this service to consumers looking for a new car through a white label tool that integrates with their website.”
In addition to online valuations, dealers can take advantage of eVA Appraisals, a vehicle inspection tool that supports the dealer sales team to deliver accurate, consistent part-exchange appraisals.
When it comes to disposing of the vehicle, eVA Insight uses data to support smart decision making on whether to sell a vehicle on the forecourt, or through the wholesale network. Alternatively, Manheim is so confident in its valuations that it will offer to buy the car for a guaranteed price, which is where eVA Underwrite comes in.
Humphreys added: “Manheim has been a market leader in valuation and appraisal technology since the launch of its Seller Advance product in 2009. Manheim Valuation & Appraisals takes this product to the next level with the addition of a consumer facing tool, deeper insight, and the option to sell the vehicle for a guaranteed price.”
“All our current Seller Advance clients will be migrated to the new platform during 2020 enabling them to benefit from the growing demand for ecommerce services in the automotive sector.”
“We’re extremely excited about this new suite of products and the benefits they will bring to our customers.”
