Vehicle auction group Manheim has recorded the 300,000th vehicle sold using its Seller Advance system, three years after launch.

The system offers dealership salespersons weekly-updated valuations on part-exchange vehicles based on current trading trends and latest vehicle condition reports.

Manheim claims 96% of valuations requested on the system are returned within 10 seconds, with overall accuracy within 2.5% across inquiries in 2012.

To date, 435 franchised and independent dealers have signed up to the system.

richard.brown@timetric.com