Manheim POINT Continues To Roll Out New Features With Addition Of Black Book
Price Guide Added to Popular Inventory Optimization Tool
ATLANTA - Manheim's popular inventory optimization tool, Manheim POINTSM, once again demonstrated its commitment to continual product enhancements with the introduction of Black Book(r) vehicle values to existing vehicle valuations.
"Black Book is one of the major information providers in the auto industry and is relied upon by thousands of dealers every day," said Charles Williams, vice president and general manager for Manheim POINT. "As dealers continue to use Manheim POINT to help make decisions related to their used vehicle inventory, Black Book will give them a valuable tool to help drive profits."
Bob Burnett, president of Black Book, said the partnership with Manheim POINT will have an immediate impact for dealers. "Proactive inventory management has become essential during the past year as the used vehicle market has become more competitive," said Burnett. "Black Book has always had a close relationship with both dealers and the auction industry, and we believe that including access to Black Book values in Manheim POINT will further simplify and streamline the vehicle valuation process and benefit dealers greatly."
Access to Black Book data now comes integrated with every Manheim POINT subscription, joining the Manheim Market Report (MMR) to give dealers a powerful combination of valuation tools that can help improve dealer profits. Recently, valuations from the N.A.D.A. Official Used Car Guide were also integrated to Manheim POINT, providing the most robust appraisal and inventory valuation tool for car dealers.
Manheim POINT has steadily rolled out enhancements including several improvements, such as enhanced market data, which allows dealers to compare their used vehicle results to dealers within their geographical location, and multi-store capability, which allows subscribers with multiple franchise locations to manage inventory across stores simultaneously rather than location-by-location.
In addition, dealer groups have the ability to offer vehicles for sale within their group before opting for other sales venues, and Manheim POINT customers have the ability to send multiple vehicles through various sales channels, enhancing the visibility of the dealer's inventory.
About Manheim
Manheim is the world's leading provider of automotive remarketing services. Through its wholesale auctions and array of technology products, Manheim impacts every stage of a used vehicle's life cycle, helping commercial sellers and automobile dealers realize the full value of their vehicles.
The company's auction services include reconditioning, certification, inspections, dealer financing, transport, title management and marshaling, among others. Manheim is also the leader in remarketing technology, using its online tools to connect buyers and sellers around the globe to the world's largest, most comprehensive wholesale marketplace. In 2005, Manheim handled nearly 10 million used vehicles - and sold more than 5 million - representing more than $50 billion in value.
Manheim's subsidiary companies provide value-added remarketing products and services, including paintless dent removal (Dent Wizard), Auto Body Repair, and salvage vehicle remarketing (Total Resource Auctions).
A wholly owned subsidiary of Pox Enterprises, Atlanta-based Manheim is a global organization with 32,000 employees at its 139 U.S. and international locations. For more information, visit www.manheim.com.
About Black Book
Considered to be the industry's most timely, independent, and accurate source of vehicle pricing data, the Black Book(r) family of vehicle appraisal guides is published by National Auto Research, a division of Hearst Business Media. New and used car dealers, lenders, manufacturers, fleet remarketers, and government agencies have relied on Black Book since 1955. Black Book provides values for both new and used vehicles, including cars and light trucks produced since 1946, motorcycles, ATVs, snowmobiles, personal watercraft, and heavy duty commercial trucks and trailers. Black Book data is published weekly in multiple formats including printed guides, electronic data feeds, Internet-based real time applications, hand held PDAs, and in a variety of other custom products.
