Manheim announced a strategic partnership with Renovo Services to begin selling repossessed vehicles directly from secured storage facilities across the country. 

The recent agreement means Renovo will list its repossessed vehicles directly on OVE.com, allowing dealers faster access to vehicle inventory.

Once a vehicle is purchased, it will be transported directly from one of Renovo’s secured storage facilities to the buyer’s lot.

“Manheim is pleased to begin this partnership with Renovo — they’re the best at what they do, and we believe they will provide our customers high-quality vehicles,” stated Manheim’s Nick Peluso, who is senior vice president of customer management.

“This alliance is another way Manheim will be able to offer our dealers an even larger selection of inventory further upstream in the remarketing cycle.”

This partnership comes on the heels of Renovo Services rolling out new brand strategies and company websites. Auto Remarketing previously reported these details here.

Kevin Flynn, Renovo’s chairman and chief executive officer, said, “Manheim is the leading remarketing company in the industry, so they are the ideal partner to help us expand our portfolio of services.

“Partnering with Manheim provides our lenders more convenient service, ensuring fewer days to sale and improved cost-savings on vehicle transportation,” Flynn added.