Despite generally tougher wholesale market conditions, Manheim Remarketing has signed up over 120 new major vendors so far this year, as more and more dealers and fleet operators recognise the benefits of a professional remarketing strategy as a means of rapidly maximising returns on vehicle assets.
Mike Pilkington, managing director, Manheim Remarketing said: “Although the remarketing business has been around for many years, its increasing sophistication and the embrace of new technologies to complement tried and trusted traditional methods of vehicle wholesale are broadening the general appeal throughout the UK automotive industry. The growth in both the number and variety of our vendor customer base is further recognition of the quality and breadth of products and services offered by Manheim Remarketing as well as the success of our extensive auction programme. The £2 million investment in a new facility at Bruntingthorpe further demonstrates our ongoing commitment to innovation within the remarketing industry as we set the standard for online and physical remarketing.”
The new vendors include 83 franchised dealers, 27 fleet and leasing companies, six local authorities, six police forces, two emergency services and one health trust. This brings to 125, the total number of vendor customers that have started using Manheim Remarketing’s products and services in 2010.
For more on fleet remarketing, come to the Fleet News remarketing section for more information.