Manheim, part of Cox Automotive, has agreed a deal with Fusion Auto Finance to host its private store, allowing the provider of turnkey leasing programs for credit unions to consolidate all its platforms onto the Manheim marketplace.
The digital store allows Fusion Auto Finance’s dealer network access to off-lease inventory in one location by using the Fusion AutoXchange buyer portal for dealers to access the store.
Manheim said the private store helps Fusion Auto Finance simplify and optimize operations and gives dealers access to a large network of wholesale vehicles to find the right stock faster and meet customer demand.
Fusion Auto Finance can also help move cars from its private digital sale into Manheim’s open digital marketplace to reach a larger audience for its unsold inventory and to access Manheim’s vehicle services.
“The collaboration between Fusion Auto Finance and Manheim is a testament to both companies’ commitment to innovation and customer-centric solutions,” Manheim digital senior vice president Zach Hallowell said. “We are thrilled to work alongside the Fusion Auto Finance team to enhance their remarketing operations and contribute to a better and more efficient experience for their dealership network.”
Manheim said it has invested more than $50 million in its commercial digital platforms in the last five years. In August Manheim signed new partnerships with four car dealer groups to sell their excess stock.