The volume of stock handled by Manheim Auction Services during January was up 24% year-on-year, with the number of active buyers increasing by 12%.
Hilton Garage has signed an exclusive deal with Cox Automotive to dispose of around 3,000 vehicles a year via Manheim Auction Services
City Auction Group has appointed Zaiga Jinkinson as its new client relationship director.
Cox Automotive has signed terms with four car supermarkets that will result in an additional 2,000 vehicles a year selling through Manheim Auction Services.
Wholesale van sales volumes grew 6% year-on-year as Cox Automotive experienced a supercharged start for its light commercial vehicle (LCV) remarketing operations in the first two months of 2023.
The UK's used LCV market has got off to “a flying start” in 2023 as an easing of supply issues sees a glut of “pandemic worn condition” vans enter the auction halls.
Manheim Auction Services has raised a further £20,467 for children’s charity Make-A-Wish UK with a special auction of donated vehicles and other items.
Lee Fox has joined Cox Automotive as the new managing director for Cox Automotive Vehicle Solutions to help strengthen its senior leadership team in Europe.
Volkswagen Group UK has extended its contract with Manheim Vehicle Services to provide defleet services for an additional five-year term.
Volkswagen Financial Services UK (VWFS UK) has extended its defleet relationship with Manheim for another five years, taking the partnership to December 2026.
Manheim Auction Services has raised £32,000 for charity Make-A-Wish at a special charity auction.
As certain used cars were hit by “significant price decreases” in November Cox Automotive has asserted that prices will never dip back to pre-pandemic levels.
Trade buyers will be allowed back on site at Manheim Auction Services' sites in Bristol, Manchester and Washington to help dealers source stock for their used car forecourts.
Cox Automotive is warning that LCV supply will be the lowest the wholesale market has seen for more than a decade, following record-breaking demand for used vehicles at auction in August.
Cox Automotive has warned that car dealers across the UK will have to compromise on their usual stock demands in order to fill their forecourts in a sector now “starved of stock”.
Manheim has secured a contract with Peter Vardy for the Scotland-based dealer group to remarket at least 4,000 unwanted vehicles annually through its auctions.
The average selling price of a used van has remained above £10,000 for the second consecutive month, at Manheim auctions.
Used vans prices are expected to start rising and not stop until some time in 2022, according to Cox Automotive.
Cox Automotive Europe has created a new sales director role as part of a move to strengthen its senior leadership team working with customers.
Cox Automotive has acquired German dealer-to-dealer online auction business pkwNOW.