Cold Chain Vehicle Solutions, which provides refrigerated transport of food and medical supplies, has appointed VRS, part of the Manheim Group, to remarket Lexus cars from its leased fleet.

The first batch of cars will be sold into Lexus franchise dealers via an electronic platform, which allows dealers to locate retail stock.

Malcolm Topping, commercial director of Cold Chain Vehicle Solutions said: "The partnership will ensure that we will be able to remarket our Lexus models very effectively and hopefully benefit from strong interest in these cars…VRS has the remarketing expertise needed to maximise residual values in what is clearly a very tough market"

Lewis Arthur, VRS managing director added: "we are delighted that Cold Chain Vehicle Solutions have chosen to work with us and in particular to use our brand repatriation service.

"This is a great example of an innovative remarketing programme for a forward thinking customer who has really embraced this concept.”