The speed of change in automotive retail and wholesale has been remarkable in the last couple of years.
Most of the focus on the wholesale side has been on digital sales, as auction companies such as Cox Automotive’s Manheim had to switch to online sales almost overnight because of the pandemic.
But while that shift was taking place, Manheim was also marching forward with a large undertaking that company executives say is streamlining operations for its staff, dealership clients, and vendors.
LotVision, Manheim’s system of tracking vehicle locations at the company’s sprawling auction sites, is now expected to be completely rolled out by the end of September. It’s one of a number of vehicle-tracking technologies launched in the industry in recent years.