Oct 15, 2020
Maj Saboura of Manheim on inventory and current best practices
Get frontline insights from Maj Saboura, a longtime industry veteran and senior director at Manheim. Majd talks inventory in the used, retail, and wholesale markets and gives listeners and viewers insights on how the company is becoming more "digital first" as the world changes.
Majd also offers three best practices in these "roller coaster" times:
1. Balance your Portfolio. Look at your inventory and turn and find out what is getting bites and sales. Get your money back into the market and rebalance your portfolio to find cars and trucks that will make you money.
2. Be Frugal. If you're selling 100 automobiles a month, stock 150, not 250. Be careful how you tie up capital in your vehicles.
3. Be Smart. Leverage technology to get eyeballs on the vehicle. The more eyes, the more chances you have to sell it.
Manheim is North America’s leading provider of vehicle remarketing services, connecting buyers and sellers to the largest wholesale used vehicle marketplace and most extensive auction network. Through 125 traditional and mobile auction sites and a robust digital marketplace, the company helps dealer and commercial clients achieve business results by providing innovative end-to-end inventory solutions. Approximately 18,000 employees enable Manheim to register about 8 million used vehicles per year, facilitate transactions representing nearly $57 billion in value and generate annual revenues of more than $2.6 billion.
Manheim also operates the Manheim Express app. More than just a dealer-to-dealer network, Manheim Express delivers extreme efficiency to buyers and sellers when they need it the most. Sellers can list vehicles within minutes using revolutionary 360-degree imaging and get a Guaranteed First Bid™, while buyers can access fresh, local inventory via the new in-app buyer experience. Whether you create the listings yourself or use the Manheim Express Concierge service for a hands-off approach, selling upstream and dealer-direct is quick and easy with Manheim Express.
Manheim Express is an endorsed VADA Partners Program.