While momentum for new EVs cooled late last year, Manheim believes preparing for growth in the wholesale marketplace remains vital. Since 2019, Manheim has invested more than $200 million in facility upgrades, including creating an EV infrastructure to support charging capabilities, storage, and process improvements. Manheim has 800 chargers online, doubling its charging capacity in 2023 with plans to further increase this year. Manheim sold nearly 48,000 used EVs last year, a 58% year-over-year increase. And Manheim provided reconditioning services to roughly 36,000 used EVs last year, which is a 43% year-over-year increase, and projects to triple this number in 2024.