Cox Automotive Canada with its Manheim Canada operations has partnered with XLane to provide a digital solution for dealers with InstantAuction. This “dealer-to-dealer” online multi-platform is designed to enhance 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, according to the company.
"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 a provider of vehicle remarketing services, connecting buyers and sellers of used vehicles to the 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 and 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 and lease companies, according to the company.
The InstantAuction app is available for iOS on the App Store or customers can visit the InstantAuction web site and sign in using their existing Manheim Canada credentials.