A new innovation in the part exchange process for dealers

Launched in May 2009, Seller Advance is a unique vehicle valuation and upfront payment service for the motor trade that is revolutionising the dealer part exchange disposal process. This ground-breaking tool is both sensitive to the tough economic trading conditions in which dealers find themselves today, as well as adding real benefit to the daunting but critical task of part exchange valuations.

Instant Valuations using real-time Market Intelligence

With Seller Advance you can instantly value part exchange vehicles using real-time data and actual condition reports. Seller Advance has been developed to be quick and easy but we've also designed a full training programme to support you on an ongoing basis and you'll have access to a professional valuation team.

With an overall accuracy averaging 97%, Seller Advance valuations are delivered instantly to a salesman’s PC. As a result, retail deals can be completed much more quickly and efficiently and without the time-consuming recourse to traders or other 3rd parties.

Cash in the bank - now!

What’s more, when you've agreed the valuation and secured the deal, a few clicks of the mouse sends the vehicle to auction without unnecessary paperwork. Once inspected, we’ll advance the full valuation, via BACS, improving your cash flow and stocking days instantly. No need to wait for cash, or the auction to happen. Payment is authorised to you the next working day.

Seller Advance in 5 easy steps

1. Instant Valuation: At the negotiation stage, the dealer appraises the part exchange and obtains an accurate Seller Advance online valuation which is valid for 14 days. The deal is concluded and if the incoming vehicle is not to be retailed, a projected delivery date is entered into the system.
2. Minimal Paperwork: Once the part exchange vehicle has arrived at the dealer, a few more clicks of a mouse and the vehicle is automatically "pushed" to auction - no need for any other time-consuming paperwork such as completion of collection forms.
3. Maximising Sales Values: The dealer sets the reserve price on the vehicle, selects any other pre-auction service and takes advantage of a nationally branded auction programme.
4. Cash in the Bank: When the car arrives at Manheim Auctions it is inspected to ensure accurate description and a BACS payment for the full valuation amount is initiated to the dealer the next working day.
5. Rapid Reconciliation of Funds: When the vehicle is sold, the difference between Manheim Auctions’ advance payment and the price actually achieved is reconciled within one week.

The Seller Advance difference

• Based on the VRM look up process for accurate vehicle identification
• Rapid and accurate valuation of part-exchange vehicles, based on real-time data and actual vehicle conditions
• Instant valuations, allowing deals to be closed and minimising lost custom
• Eliminates wasted sales staff time negotiating with traders or thumbing through guides
• Automatic push to auction, cutting down on paperwork and speeding up the process
• Rapid and guaranteed payment, improving cash-flow
• Reduces over age stock profile by quick disposal of trade vehicles
• Reconciliation of funds within one week of sale
• Supported by regular reporting and ongoing training
• Brings transparency and consistency to dealer trade activity
• Valuation and price performance is monitored and analysed using Manheim's market leading reporting systems

For more information or for assistance contact Seller Advance.