Fleet News

CV Show 2005: Manheim’s online auction goes live

Simulcast means potential buyers can log on to the internet and take part in van auctions, while watching and listening to the proceedings in real time. Visitors to the stand were able to see how the system works.

Simulcast was launched for cars a year ago and many vehicles have made up to 12% more when internet buyers were involved.

Manheim commercial vehicle director Alex Wright said: ‘Having access to an auction online from the convenience of their own offices is an attractive proposition for busy commercial vehicle buyers who don’t have time to attend a physical auction. Now that we have got the cataloguing information perfected, we anticipate more vans being purchased online. This is good news for vendors as they turn their assets into cash more quickly.’

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee