Manheim Colchester smashes UK CV sale record
Over three days, Europe’s largest auction centre sold three quarters of its entry; a total of 526 vans and trucks, worth £2.01m, to an audience of 538 buyers in six auction lanes.
Colchester’s sale week broke all previous Manheim records in terms of buyer activity and sold units. It also featured Manheim’s latest industry first; Europe’s first ever four auction lane CV event.
The multi-lane event was delivered on Wednesday 6th May and saw all four auction lanes utilised, hosting a wide selection of more than 480 quality vans and trucks from the UK’s prime vendors, including BT Fleet, Burnt Tree, Enterprise Rent A Car, Enterprise Flexirent, Europcar, Lex Autolease, Royal Mail and The Car Group. Royal Mail had an entire auction lane dedicated to its stock and sold in excess of 100 vans, including Vauxhall Combo, Ford Connect T200, Ford Transit T260 and LDV Maxus models. Another of the four lanes staged the centre’s fortnightly truck auction.
The entire event concluded in just two hours and 20 minutes. Adding to the already brisk bidding, buyers purchasing more than three vans on the day benefited from a half price delivery offer. Manheim sister company NextGear Capital received extremely positive feedback from its dealers at the auction and fielded a significant number of enquiries about its unique dealer funding programmes.
Hot on the heels of the Wednesday sale, Colchester turned around two more lanes of vans on Thursday 7th and Friday 8th as part of Citroen’s car and van mega sale event. This added a further 167 vans to the week’s sold total.
Matthew Davock, head of LCV, said: “This was a CV industry first and not just in the in the UK, but Europe too. The atmosphere generated will be one to remember for many years to come. In what must have been the largest, fastest and most successful CV auction result ever delivered in the UK, Colchester’s four lane event crowned a serious week of CV sales that ended as a major success for all the vendors and buyers involved. Overall, in just four days, Manheim CV sold just over 1,150 CVs across all seven of its dedicated CV auction centres; proving without doubt that Manheim is the UK, and Europe’s, number one CV auction company.”