AutoBuy Expands to 8 Locations: Adesa and Manheim Partnerships Increase AutoBuy Inventory Stream to Nation’s Auto Dealers
New Florida locations open inside Adesa Auction in Sanford and Manheim in Orlando increasing buy/sell volume by over 40%; unique remarketing model brings private seller inventory direct to dealers via auction houses
West Palm Beach, FL — October 3, 2017 — AutoBuy, the disruptive car-buying company focused on delivering fresh, high-quality used vehicle inventory to dealers, today announced it has opened two new locations, bringing the company’s total bricks and mortar locations to eight, and increasing its buy/sell capacity by over 40%.
The new locations are AutoBuy Sanford, Florida, in partnership with Adesa Auction, and AutoBuy Orlando, Florida, in partnership with Manheim Auction. The expansion increases auto dealerships’ access to AutoBuy’s high quality inventory, while further enhancing the company’s ability to acquire inventory from private sellers.
“Keeping pace with the growing demand from consumers who want to sell us their vehicles means increasing our geographic reach,” said Mark Maida, CEO of AutoBuy. “These two new locations not only help us meet that demand, but also give us two more ‘lanes’ from which to provide our fresh inventory to dealerships nationwide via simulcast. We are very pleased to be working with both Adesa and Manheim and plan to keep their lanes full and turning fast!”
AutoBuy inventory has a closing rate at auction that is nearly 2,000% higher than average because of the company’s unique acquisition model which provides consumers with a hassle-free and value-driven way to sell their vehicles, giving auto dealers access to inventory that hasn’t appeared on countless pre-owned websites and needs little to no reconditioning.
“Our auction is all about having sellers with vehicles that bring more buyers to the sale. AutoBuy has an incredible range of inventory that has not been marketed online, so it’s fresh and ready to go,” said Jeff York, general manager of Adesa Auction in Sanford. “Our experience with the AutoBuy team has been fantastic—they are excellent auctioneers – with about a 70% conversion on their inventory—and have the entire remarketing process completely dialed in. We are excited at the ways in which our relationship will expand both of our businesses.”
The new Sanford, Florida, AutoBuy location is inside the 30,000-square foot Adesa facility and the Orlando AutoBuy is inside the Manheim location. Combined, the two new locations will increase the number of cars AutoBuy is able to make accessible to dealers, and the number of consumers served, by 42%, growing the business overall by double digits.
“AutoBuy are fantastic partners who have cultivated an excellent buyer base that helped double their transaction volume at our West Palm Beach location over the past two years. The velocity at which they move their inventory is a key factor in their growth with a fresh and diverse mix of inventory offered every week,” said Dana Lowenthal, auction manager at Manheim Central Florida. “Their astuteness at evaluating value and understanding the right repairs to optimize the opportunity to sell each unit is also remarkable and a tremendous boost to our reconditioning shops. Their excellent reputation with both retail customers and dealers indicates that their growth rate (as well as ours!) at their new Manheim Central Florida location will be exponential as well!”
Since inception, AutoBuy has served over 100,000 private car sellers and appraised over one billion dollars in inventory through its bricks and mortar locations and its WEPAYTHEMAX.com website.
AutoBuy’s popularity with consumers is key to its successful model and it is the only company in the auto remarketing industry to have achieved a near-perfect Google review score1. AutoBuy streamlines the often onerous and stressful car-selling experience for private owners with its quick, easy ‘come-to-you’ mobile appraisal service (at home or office); and, because its pricing is not restricted to local market values, AutoBuy offers consumers a better price for their vehicles, versus other models like CarMax. All of which translates into a frontline-ready pipeline of pre-owned cars for dealers and auction houses.
Founded in 2010, and based in West Palm Beach, Florida, AutoBuy is a bricks and clicks automotive company that is upending traditional automotive remarketing with a completely unique model that offers auto retailers and auction houses a marketplace of fresh, high-quality used vehicles, without the hassle of reconditioning. With eight bricks and mortar locations across Florida and its WEPAYTHEMAX.com website, the company offers consumers a speedy, convenient, safe, and hassle-free way to sell their vehicles for the maximum market price. The company, which has over 100 years of auto remarketing expertise on its team, has appraised over one billion dollars of used vehicle inventory and has served over 100,000 private car sellers, and is the only remarketing company to achieve a near perfect Google review score1 with consumers.
1Based on over 1000 reviews across six locations