Vehicle auction group Manheim has recorded the 300,000th vehicle sold using its Seller Advance system, three years after launch.
The system offers dealership salespersons weekly-updated valuations on part-exchange vehicles based on current trading trends and latest vehicle condition reports.
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Manheim claims 96% of valuations requested on the system are returned within 10 seconds, with overall accuracy within 2.5% across inquiries in 2012.
To date, 435 franchised and independent dealers have signed up to the system.
richard.brown@timetric.com
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