FIRST National Motor Finance has signed a three-year £2.5 million contract to dispose of vehicles through Manheim Auctions. FNMF will exclusively remarket its vehicles through Manheim's UK network and through Premier Motorauctions Leeds.

The agreement followed a review carried out by FNMF last year. Keith Horlock, executive director of FNMF, said: 'An examination of the auction prices achieved throughout the past year put Manheim at the top of the list. We are now looking forward to developing a successful business partnership.'

Sarah Pasley, key accounts director for Manheim Auctions said: 'Taking time to listen and present vehicles in a way that shows off their full potential has certainly been one of the keys to our success.'