Manheim, a provider of end-to-end wholesale vehicle solutions, has created Electrify Manheim, which the company says is part of the company’s estimated $100 million investment in facility, innovation and process improvements to deliver a more connected client experience. The company says it began investing in an EV infrastructure for its operating locations in 2019.
In 2020, the company processed roughly 114,000+ electrified vehicles – a combination of battery electric, hybrid and plug-in hybrid vehicles. Electrify Manheim is designed to identify EV battery health to support servicing requirements as more electric vehicles are consigned to the company’s auction locations. The initiative includes:
- Installing 127 charging stations at 53 auction locations, providing the ability to simultaneously charge 250 vehicles to help optimize the process and flow of EVs across the lots.
- Developing a Manheim battery health diagnostic tool powered by Cox Automotive’s patented algorithm and partnership with Spiers New Technologies (SNT), a provider of EV battery life cycle management that Cox Automotive Mobility acquired earlier this month. Manheim is conducting tests at six locations with high EV volumes in California, Nevada, Pennsylvania and Washington, with plans to expand to more sites, the company says. Tests are being conducted with six manufacturer clients to gather battery performance metrics from used EVs such as state of charge and energy capacity to create an overall battery health score ranging from 1-5.00. This health report is currently included in Manheim vehicle condition reports at select auction locations.
- Comparison testing of vehicles with the same make and model and similar mileage, which Manheim says is initially revealing that vehicles with a battery health score are getting roughly five times more views and bids than those that don’t, are selling for values that are for 1-4.5% higher according to Manheim data.
- Upholding safety as a core value by investing in personal protective and other safety equipment, as well as training roughly 850 technicians to ensure the proper servicing and safe handling of EVs.
