What's Happening?
Manheim, a wholesale auction unit of Cox Automotive, is preparing to expand its remote car inspection services and accommodate used electric vehicles (EVs) at auctions. Grace Huang, president of inventory solutions at Cox Automotive, highlighted the company's focus on enhancing remote services to meet evolving market demands. This initiative is part of Manheim's strategy to adapt to changes in the automotive industry, particularly the growing presence of EVs in the used car market.
Why It's Important?
The expansion of remote car inspections and the inclusion of used EVs at auctions signify a shift in the automotive industry towards digital solutions and sustainable practices. As more consumers and businesses embrace electric vehicles, Manheim's readiness to handle these changes positions it as a leader in the auction space. This move could influence other auction companies to adopt similar strategies, potentially accelerating the transition to electric vehicles in the used car market.
What's Next?
Manheim's initiatives may lead to increased collaboration with EV manufacturers and dealers to ensure a smooth transition in auction processes. The company might also invest in technology and infrastructure to support remote inspections and EV auctions. Stakeholders, including dealers and consumers, could benefit from improved access to used EVs and streamlined inspection processes, enhancing the overall buying and selling experience.
