Manheim Auctions Inc. of Atlanta has started a program called Dealer Exchange for dealers to buy and sell used vehicles among themselves on a Web site operated by Manheim.
Dealer Exchange is a bidding and selling environment. But sellers can list their vehicles on the site with a "buy now" set price for dealers who may want to buy the vehicle without bidding.
Joe Luppino, Manheim chief technology officer, says a few hundred dealers tested the program in about five markets for the past four to six months.
On Friday the program was opened to all 65,000 dealers who subscribe to Manheim Online.