Certified Boosts High Mileage Units Featured

By Staff Writer November 08, 2019

 

Research from a recent white paper from Manheim Consulting, found certified wholesale vehicles sell faster and at rates four to eight percent higher than their uncertified counterparts.

The paper, “Certification Impact on Low Grade & High Mileage Units,” states the benefits and returns only rise as mileage surpasses 75,000, signaling buyers are willing to pay a premium for the guarantee of a mechanically sound unit, even at a lower grade or higher mileage.

Further benefits and competitive advantages of certifications are:

  • 4 to 8 percent greater returns per vehicle sale
  • One third fewer arbitrations
  • 6.6 percent more Simulcast sales
  • 48 percent wider Simulcast audience reach and more bids per vehicle

Manheim has its own certification program, Manheim Certified, to improve profit margins for the seller and protect the interests of all parties involved. It provides buyers a 7-day, 300-mile guarantee.

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Last modified on Thursday, 14 November 2019 18:25

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