Manheim Auctions anticipates more than one million new electric vehicles will be sold in the United States this year, setting a record, according to estimates released Jan. 9.
Manheim volumes generally reflect new-vehicle sales, with a time lag of about three to four years, and the company has been preparing for increased EV sales for several years.
In 2021, Manheim invested nearly $100 million in facility, innovation, and process improvements to handle electric vehicle infrastructure and initiatives. Efforts underway include a Manheim- and Cox Mobility-trusted battery health score poised to lead the industry in measuring battery health and safety equipment and training for 850 EV technicians.T
Through the third quarter of 2022, Manheim processed 144,000 EV and hybrid units, representing around 3% of the volume. There are already more than 700 chargers across 67 Manheim locations that serve about 16,000 EVs on auction lots on any given day.