Launches InstantAuction, an online multi-platform to make buying and selling vehicles easier, quicker and more transparent
TORONTO, Dec. 16, 2015 /CNW/ - Cox Automotive Canada with its Manheim Canada operations has strategically partnered with XLane to provide a digital solution for dealers coast to coast with InstantAuction. This 'dealer-to-dealer' online multi-platform significantly enhances the remarketing experience, making the process of buying and selling vehicles easier, quicker and more transparent. The dealer has control of the entire remarketing process deciding when and where to create a live auction, anytime, anywhere.
"We are delighted to have partnered with XLane to introduce InstantAuction, one of several tools which we are in the process of launching together," said Maria Soklis, President of Cox Automotive Canada. "The attributes of this platform align with Cox Automotive's mission to simplify the trusted exchange of vehicles and maximize value for our customers and, based on early results, InstantAuction is doing just that."
Manheim is North America's leading provider of vehicle remarketing services, connecting buyers and sellers of used vehicles to the largest wholesale and used vehicle marketplace. Manheim offers physical and digital auction channels, data analysis, financing and transportation and mobile products and solutions.
XLane provides cloud-based mobile solutions for the automotive remarketing industry from its headquarters in Montreal, Quebec. InstantAuction allows users to have bidding activity and vehicle interest at their fingertips with full transparency where buyers and sellers can see who is viewing the listed vehicle and who is bidding. In addition, a 'buy now' option is also included in the platform.
"This partnership provides Manheim with a fully transparent virtual auction solution to support their physical locations across Canada," said Tave Della Porta, CEO & Founder XLane Holdings Inc. "Dealers are already excited about this tool because of its functionality and ease of use."
All transactions with InstantAuction are supported by Manheim's auction services across Canada and are open to all Manheim customer segments, including non-franchise dealers, commercial customers and fleet & lease companies.
The InstantAuction app is available for iOS on the App Store or customers can visit www.instantauction.ca and simply sign in using their existing Manheim Canada credentials.
About Cox Automotive
Cox Automotive is a leading provider of vehicle remarketing services and digital marketing and software solutions for automotive dealers and consumers. Cox Automotive, a subsidiary of Atlanta-based Cox Enterprises includes Manheim, Autotrader, Kelley Blue Book, vAuto, NextGear Capital, and a host of global businesses and brands. Headquartered in Atlanta, Cox Automotive employs nearly 24 000 employees in over 150 locations worldwide. The company partners with more than 40 000 dealers as well as most major automobile manufacturers and touches over 67 percent of all car buyers in the U.S. with the most recognized brands in the industry. Cox Automotive unites more than 20 brands in this space, providing an end to end solution to transform the way people buy and sell cars every day.
About Cox Automotive Canada
Headquartered in Mississauga, Ontario, Cox Automotive Canada provides product and services from Manheim, vAuto, NextGear Capital, HomeNet, VinSolutions, XTime and Dealertrack.
SOURCE Cox Automotive Canada
For further information: Jack Sulymka, Director, Marketing and Corporate Communications Cox Automotive Canada, (416) 254-4037, [email protected]; Cynthia Zamaria, Zeno Group Canada, (416) 918-0505, [email protected]