“Mitigating loss and procuring lane space is always a challenge. IVV takes the extra effort not found elsewhere to do both of these things.”
Whether you are a small bank, lending institution, or credit union, your organization will receive the full benefit of our proven remarketing expertise.
The Changing Wholesale Marketplace
It’s no secret, auctions are experiencing some of the biggest volumes they have seen in years, impacting available lane space and auction resources as never before. Thankfully, IVV has developed important relationships with the primary auction service providers in your area, and can help get your vehicles placed in the appropriate lane position. Additionally, IVV StreamLane Fleet will individually assess each one of your vehicles to identify opportunities for value enhancement. We mitigate your loss and give you the representation you deserve, and without any additional headcount or overhead.
Just as vAuto, Dealertrack and others have distinguished themselves in recent years by assisting franchise dealerships with their new car operations, IVV StreamLane Fleet will distinguish itself as the industry standard for a state-of-the-art wholesale inventory management system that makes handling repossessions and lease returns efficient, effortless, and financially rewarding. Ultimately, our primary objective is to develop and integrate today’s technological advances and bring them directly to your bottom line.
Whether you are a small bank, lending institution, or credit union, your organization will receive the full benefit of our proven remarketing expertise. Our unique combination of automotive experience and our close association with Manheim will give you a high degree of touch, just like you had a key pointed employee working full time for you at the auction.
StreamLane Fleet is not simply another vehicle liquidation and disposal service. Quite honestly, anyone can run vehicles across the auction block and give a thumbs up to approve the sale of your collateral. The focus has got to be on maximizing the return on every single vehicle that crosses the auction block, or from your perspective, mitigating the loss to the greatest extent possible. StreamLane Fleet individually analyzes each vehicle and identifies only those reconditioning items that will add value to your vehicle. We call this type of reconditioning “SMART RECON”.
With a simple push, point, click of a button, StreamLane Fleet helps you better coordinate, manage, and mitigate the loss on the vehicles you repossess or take back on lease. The design and engineering of IVV StreamLane Fleet has taken well over three years and 5,000 plus hours of meticulous development. Created with simplicity and efficiency in mind, your organization’s repossession and lease return inventory will integrate between your inventory management system and IVV StreamLane Fleet. Procedurally, all you will ever need to do is simply click on the units that are eligible for sale, and then click to approve any of the suggested “SMART RECON” items. All, dependent upon the level of control you desire. It is as simple as that!
Once your vehicle arrives at the auction we will inspect the unit to determine if any “SMART RECON” opportunities exist to either enhance vehicle appeal, improve overall value, or boost the condition report grade. We know how the condition report point system impacts vehicle grade, and with this in mind, we make “SMART RECON” recommendations where it makes good business sense. When StreamLane provides you a “SMART RECON” quote for your approval, IVV’s exclusive Approximator will calculate a probable ROI for the amount of the repair suggested. Imagine if you spent $200 in “SMART RECON” and got a 350% return on your investment, with a full point uplift on your Manheim condition report grade. As you can see, it makes good sense to your bottom line. It is also important to note, that you will have no out of pocket expense. StreamLane Fleet will pay all expenses up front! Only you can approve the work, and again you are able to do so with a simple, push, point, click of a button.
Having said this, there are some exceptions to the rule. Many times, less recon simply means less deficiency burden for your customer. IVV’s StreamLane Fleet system is not simply predicated on mileage or some other subjective component to determine the value of reconditioning. With IVV, practical decisions are made on your behalf based on 60 plus years of proven auction experience. We know what buyers are looking for in terms of value added repairs, and we know the types of reconditioning that impact they’re decisioning as it relates to sale price. Again, the objective is to maximize your return and minimize your exposure on every repossession or lease return sold at auction, and to do so as quickly and as efficiently as possible.
Through our exclusive One Page Fact Sheet, IVV provides pictures showing any damage that existed prior to repairs, where applicable. Full disclosure, so buyers can make better informed decisions about the vehicles they intend to buy. Additionally… MMR, Estimated Retail, KBB, and CARFAX are also prominently displayed on the same fact sheet. Your buyers simply have the tools and confidence to buy without hesitation.
In the very near future StreamLane Fleet buyers will be able to preview photos for upcoming IVV StreamLane sales. Buyers can go to IVVStreamLane.com. These can be also be shared with managers and potential retail customers. In many instances your vehicle may be pre-sold before the auction even begins, which means more aggressive bidding on your vehicles and more money for you.
When you process your repossessions and lease returns through StreamLane Fleet, you have an opportunity to run your vehicles at an auction already known for getting good results. When you combine that with the benefit of running in an established lane, with an established seller, and include access to a worldwide internet of simulcast buyers, you can relax knowing your vehicles are being presented under the most desirable circumstances imaginable.
With StreamLane, it’s a simple flat fee structure, and we promise to never pile on the miscellaneous fees. NO ARBITRATION FEES, NO NO-SALE FEES, NO REGISTRATION FEES, NO EXTRA FEES OF ANY KIND…PERIOD. You also receive on the block representation, on the lot supervision, and after sale arbitration assistance if it becomes necessary. Historically, StreamLane Fleet has been able to work with the auction to resolve over half of the arbitrations that occur.
It is also important to note that StreamLane Fleet has a tremendous reputation for being honest, fair, and reasonable in our ethical approach to the automotive industry. We have a proven track record of selling over 85% of the vehicles we offer. Only the best auctioneers sell our vehicles, and we are selling at an unheard of rate of 118% of MMR. Talk about results… What this means to you is that you will receive the benefit of an already established base of loyal bidding buyers that have been developed over time on your behalf. Its long running, repeatable, and regularly executed week after week, and we can do the same thing for you.
Auctions are a great way to remarket your vehicles. Let’s face it, it is sometimes difficult to get the level of service you deserve at the larger auctions, simply because every business is attempting to do more with less these days. At the same time, auctions are big operations, and big operations are prone to certain inefficiencies. For this reason, you need someone on the inside to represent your needs and interests, and IVV knows how to do that. We understand that minimizing the loss on your vehicles in the auction lane has a favorable impact on your customer, and because of this we will do everything within our power to help reduce that loss. From beginning to end, StreamLane Fleet provides you a hands on remarketing solution without having to be hands on.
1. Efficiency
◦ Manage your wholesale inventory better and easier from your home, office, or smart phone.
◦ Simply click a button and let the entire automated workflow system seamlessly and transparently propel your vehicle through the StreamLane Fleet process.
◦ Leverage our knowledge and experience to mitigate loss on your repossessions.
◦ Several data integration options to choose from give you back your precious time, and cuts out needless communication.
◦ Eliminate unnecessary phone calls.
2. Cash Flow
◦ Process and sell your inventory quicker than ever before.
◦ Submit title on sold vehicles and receive payment within 24 hours.
◦ Checks cut directly to you from Manheim
◦ No cash out of pocket for any recommended “SMART RECON” items.
◦ Simple flat fee structure with no additional surprise fees No Arbitration Fees, No No-Sale Fees, No Registration Fees, No Extra Fees of Any Kind…Period.
3. Individual Assessment on Every Vehicle
◦ Only “SMART RECON” that positively affects your bottom line is recommended.
◦ Proper lane placement based on vehicle valuation, overall condition, and price point.
◦ Every effort is made to match your vehicle to the right audience of buyers.
◦ Proper announcements will be made on your vehicles to attract appropriate buyers, achieve compliance, and limit potential arbitrations.
4. Analytics and Maximization of Return
◦ Maximize your sale price for greater profitability or loss mitigation.
◦ All reconditioning is performed at wholesale cost with ZERO mark-up to your store
◦ IVV’s exclusive Approximator will calculate a probable ROI for the amount of the repair suggested.
◦ View MMR versus your cost with the click of a button.
5. Immediate Customer Service Access Package
◦ You receive big customer treatment
◦ You get access to the best auctions, best lane positions, and times to sell.
◦ Naturally, higher conversion rates mean less problems and greater efficiencies for your organization. Consistently selling over 85%.
◦ Year-to-date MMR capture of 118%. Talk about results.
6. Established Buyer Base
◦ You benefit from already established and loyal buyer base.
◦ IVV known for honesty and integrity with its buyers, which means buyers are more confident and will pay more money for your vehicles.
7. Technology and Transparency
◦ Every action by any system User, Dealer, Vendor is time stamped and recorded for complete accountability.
◦ Customized “Power Bar” reflects individual stage and level of completion for each vehicle as it progresses through the exclusive StreamLane process, and is available for view at any time.
◦ Pre-Sale Photos for upcoming IVV StreamLane sales will be available in the near future for buyer preview with managers and potential retail customers on IVVStreamLane.com… Which should mean more money for vehicles.
◦ Through our exclusive One Page Fact Sheet, IVV provides pictures showing any damage that existed prior to repairs, where applicable. Full disclosure, so buyers can make better informed decisions about the vehicles they intend to buy. Additionally… MMR, Estimated Retail, KBB, and CARFAX are also prominently displayed on the same fact sheet. Your buyers simply have the tools and confidence to buy without hesitation.
◦ Manheim Condition Reports completed on every vehicle, making your vehicle available to a worldwide market of simulcast buyers.
8. Auction Experts
◦ You benefit from over 60 plus years of proven auction experience, from several different automotive disciplines.
◦ Only the “SMART RECON” repairs that enhance your bottom line are recommended.
◦ You receive on the block representation.
◦ You receive arbitration assistance if necessary. It is important to note our knowledge and assistance will typically help to resolve up to 50% of these.
◦ Only the best auctioneers will sell your vehicles!
9. Customized Reports
◦ Upon sale, you will have immediate access to a cap sheet which will provide an itemized breakdown so that your administrative staff can close the vehicle out.
◦ Monthly wholesale profit and loss with the touch of a button.
◦ A variety of special report filters so you can customize the reports to focus in on the information you want to look at.
◦ Percentage of ACV captured by vehicle or by total sale.
◦ Percentage of MMR captured by vehicle or by total sale.
◦ Conversion rate or sales percentage by vehicle or by total sale.
◦ Personalized Service To You
◦ You determine the level of interaction with StreamLane your team is comfortable with.
◦ You have an Emergency Contact StreamLane button so that you can contact us in the event you need immediate attention, i.e., redemption, legal, etc.