Manheim, the nation's largest auto-auction company, has invested in Alliance Inspection Management, a vehicle inspection and software company.
With Manheim’s minority stake in AiM, the two companies have formed a “strategic alliance” to develop inspection technologies that will lead to a more consistent inspection process, the companies said today.
AiM will remain an independent third-party company, a Manheim spokeswoman said. “Manheim’s participation in the alliance represents a significant investment, though non-controlling,” she said in an email response.
Shane O’Dell, senior vice president of Manheim Wholesale Services, said improving the quality and consistency of vehicle inspections standards is at the top of Manheim’s to-do list of things to enhance the buying and selling experience for its customers.
“Working with AiM, we believe we can accelerate this effort and deliver more effective products, services and solutions to customers and the industry,” O’Dell said in a statement.
The Manheim spokeswoman said Manheim and AiM are working on a new mobile app for inspectors. AiM has worked with Manheim for several years and is the company’s primary vendor for inspection services, she added.
“I’m excited that Manheim will be a part of expanding our capabilities and reach,” AiM CEO Jim Yates said in a statement. “Our goals are to work toward a more flexible and consistent inspection process that will result in a common condition report, which we hope will become the gold standard of quality.”