Since Sandy Schwartz took charge in March 2011, Manheim has been changing with the times and embracing technology. This year especially, the nation's largest auto auction company has expanded beyond its many physical auctions with a robust online presence. It is offering online platforms to help big dealership groups trade used vehicles among the stores of a group.
Manheim is even looking into simultaneously offering its customers' vehicles for sale on its own and rival auction companies' Internet platforms, similar to the way dealers list vehicles for sale at retail on several third-party sites at the same time. It also has rolled out a computer-assisted condition report writing system. Schwartz, 59, feels so strongly about standardized condition reports that Manheim is willing to share the patented system with the auction industry at no charge.