Carvana and Manheim’s relationship has expanded further, thanks to a new partnership announced today between the two companies. The move was sparked by Carvana’s rising retail demands.
As part of a new agreement, Carvana can buy and sell cars on Manheim’s auction platform. Carvana uses suppliers like Manheim — and purchases from the general public — to establish its inventory of roughly 10,000 vehicles.
With Manheim, wholesale vehicles come with condition reports and pricing guidance based on insights from the Manheim Market Report.
“Utilizing Manheim’s broad remarketing experience and diverse digital solutions has helped us accelerate as demand increases for our new way to buy a car,” said Ernie Garcia, founder and chief executive of Carvana.
Carvana’s platform allows consumers to shop, finance, and purchase vehicles online. They can also schedule seven-day test runs before deciding on their final purchases.
