There are many benefits provided to participants in the auction process,
including:
* Market Liquidity. Auctions enable consignors to convert
cars into cash quickly.
* Pricing Separate to Volume. We can move large volumes
of vehicles without depressing prices.
*Critical Mass of Buyers and Sellers. As we become larger
and more efficient, we will been able to bring together the needed number
of vehicles and buyers to achieve market values for vehicles and ultimately
establish a national used vehicle marketplace.
*Credible Pricing. Manheim Asia Pacific gives the industry
an objective view of what vehicles are worth in the marketplace.
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*Internet Applications.
Manheim has embraced Internet technologies to increase efficiency and
offer additional services to both buyers and sellers.
*Process Integrity. A well managed auction provides
a transparent bidding process that satisfies the requirements of both
sellers and buyers.
*Reconditioning Value. We can provide full reconditioning
services to enable sellers to maximize total return on investment.
*Affordable Participation. Auction fees, as a percentage
of vehicle selling prices are affordable and lower than the alternatives
when all hidden costs of other processes are calculated.
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