OVE.com Signs 100th Independent Auction Partner
OVE.com, a 24/7 online wholesale vehicle marketplace, celebrated a centennial milestone last month when it signed its 100th independent auction partner, State Line Auto Auction in Waverly, NY.
OVE.com is now the online partner of choice for approximately 80 percent of the National Auto Auction Association's (NAAA) member auctions. Unlike other platforms, auctions must be NAAA members to participate on the OVE.com platform, so buyers can purchase confidently knowing that every transaction facilitated on OVE.com adheres to the highest industry standards.
"OVE.com plays a critical role in our remarketing strategy," said Ben Lange, President, America's Auto Auction. "Our partnership with OVE.com helps our dealer and commercial customers sell cars more quickly, and we've been able to touch cars that normally would not come to auction, so we're expanding virtually. Oftentimes we're able to leverage our new online relationships into lane business; and on the buy side, we start to see the OVE.com buyers show up on our AWG simulcast screens and sometimes in the lane."
As partners on OVE.com, independent auctions:
- Control the entire transaction, from setting their own fees to arbitration.
- Easily list inventory, images, and condition reports, especially if using the automated solution.
- Avoid listing or membership fees and never pay anything until they sell a vehicle.
- Expand their reach nationally and even internationally, especially since their inventory is exposed on Manheim.com's PowerSearch.
"Partnering with OVE.com is simply creating an extension of an independent auctions' business online," said Joe George, Group Vice President, Manheim Online Solutions. "Auctions can expect increased sales and an uptick in activity for their sellers, which translate into an increase in their own profits and stronger customer relationships."