(Austin, TX – September 8, 2006) – Online Vehicle Exchange (OVE), the online wholesale vehicle marketplace, has chosen uShip, Inc. (www.uShip.com) as one of three auto transport options for its customers. With thousands of vehicles traded each week between dealers nationwide, OVE identified its customers’ need to quickly access cost efficient and reliable shipping services and selected uShip to deliver. Transportation services have been identified by dealers as a service that would make buying wholesale vehicles online even more convenient.
This online marketplace enables buyers and sellers to conduct business 24 hours a day, seven days a week and for sellers to remarket their vehicles earlier in the cycle than in the traditional, physical auction lanes. Buyers are able to see, compare and purchase vehicles either in a "Buy Now" or online, dynamic auction environment.
“We are thrilled to be working with such a respected and long-time leader in the automotive industry”, stated uShip CEO Matthew Chasen. “As more dealers are buying wholesale vehicles online, the demand for reliable and cost efficient shipping services has increased. uShip, with its reverse auction bidding process and feedback-rated service providers, is the ideal venue for anyone needing to ship something large and specialized like a car.”
Similarly, uShip is an online marketplace where over 30,0000 feedback-rated service providers bid in a reverse-auction format on shipments in a variety of categories, including not only automobiles but also furniture, freight, equipment and other household goods. By providing a single stop to find multiple auto transportation service providers, uShip will reduce search time and shipping costs for OVE customers. uShip’s feedback system will provide their customers with more information, and thus peace of mind, when selecting a carrier.
Founded in 2003, uShip is the first and largest online marketplace for shipping services. Members list anything they need shipped, from household goods to vehicles to freight, and receive bids from thousands of feedback-rated service providers, including movers, carriers, transporters, van lines, freight brokers and independent service providers. On any given day, there are thousands of shipments listed on uShip representing millions of dollars of business. It's totally free for members to list shipments and for service providers to place bids. uShip's reverse-auction format and patent-pending search technology dramatically reduce shipping costs by allowing service providers to find shipments along their routes and fill empty cargo space. uShip's feedback system holds service providers accountable for their service and rewards those that perform well.
About Online Vehicle Exchange
Online Vehicle Exchange (OVE) is the largest virtual marketplace for dealer-to-dealer and commercial consignor business transactions that occur outside of the physical wholesale auto auctions. OVE provides buyers and sellers with a secure environment in which to conduct business 24 hours a day, seven days a week. The site gives sellers the ability to remarket their vehicles earlier in the remarketing cycle – and throughout the cycle – while buyers are able to see, compare and purchase vehicles without leaving their dealerships. Since its launch in 2005, OVE has gone from zero transactions to an average of more than 1,200 vehicle transactions a week. OVE is a wholly owned subsidiary of Manheim.