GMAC Finance has signed a new three-year solus deal with Manheim Auctions for the disposal of all of its voluntary terminations, repossessions and PCP products.The contract will result in the region of 9,000 vehicles being disposed of during the length of the contract.
Manheim has also been awarded an extension to its contract with FCE Bank following the bank’s decision to diversify its remarketing activities.
The contract will significantly increase in the number of vehicles handled by Manheim.
Martin Potter, sales director, corporate fleet, Manheim Auctions said: “When FCE Bank decided to diversify its remarketing activity we were able to extend our existing working relationship with the bank by demonstrating our capability and flexibility and by being able to offer dedicated sales opportunities at Colchester, Haydock and Rotherham.
"I am confident that this will result in a strengthening of our relationship in the future.”