CARMEL, Ind. -

On Tuesday, ADESA introduced a national online luxury vehicle exchange that will host its first sale later this month.

LVX will include Audi, BMW, Mercedes-Benz and Porsche models and will only be accessible via LiveBlock. The first sale will be 1 p.m. EST on Oct. 27.

There is slated to be more than 250 units available.

“It was time to rethink the luxury auction venue and create the most robust marketplace possible,” shared Tom Caruso, ADESA’s president and chief executive officer.

“We know that dedicated sale environments work,” he continued. “But we wanted to take that a step farther with increased selection and concierge service in one place at one time.”

The first sale is open to all dealers registered on ADESA.com.

Dealers can also browse inventory beforehand. ADESA is offering run lists before the sale, in addition to comprehensive condition reports that have photographs. It will regularly update the run lists and condition reports, officials noted.

The company provided a list of the ADESA facilities where consignors are grounding units:

—Audi Financial Services: Boston
—BMW Financial Services: Boston, Dallas, Washington, D.C.
—Mercedes-Benz Financial Services: Boston, New Jersey, Washington, D.C., Indianapolis and Los Angeles
—Porsche Financial Services: Boston

Concierge service will be offered, as well. For more information on the concierge service, interested parties are asked to call Shayne at (317) 507-1009.

 More information can be found at www.luxuryvehicleexchange.com.