Manheim broke a new monthly sales record in May for its Manheim Online business, achieving a growth of 12.5% year on year and making it the most successful month since sales began.
Manheim Online which operates dedicated online sales for manufacturers and fleet and leasing customers, provide several buying options including upstream sales capabilities and access to a large choice of quality vehicles, all available to buy with the click of a button.
The key driver to success, it says, is developing the ‘upstream’ strategic partnerships with vendors ensuring cars are replenished daily providing buyers with instant access to first-to-market, quality stock. The success of these relationships is further evidenced through another all-new record being set, with partner’ Hyundai selling over 380 vehicles online in May alone.
John Biggs, head of Online at Manheim, said: “Exceeding our monthly sales target is a fantastic achievement and underlines the consistent growth we are seeing in our online sales channels.
“The strong sales results are testament to the team’s hard work to secure the best quality stock and broaden our buyer base to improve the customer experience.”
Baz Slatter, commercial director at Manheim, added: “These extraordinary results continue to validate our predictions on the growing demand for digital engagement on both the vendor and buyer side of the transactions.
“We are seeing a growing number of vendors move to our online channels as they understand the significant reductions in days to sell that can be achieved.
“We have built a buyer base around various online channels for several years now and continue to grow this area, the key difference now is the permissions to unitise these channels is being granted by our vendors and the proof points are now in evidence”.