Manheim launches expanded HGV offering
Manheim, the UK’s number one CV auction company, has announced exciting developments for its HGV business.
Following a detailed customer review, Manheim will move from the current monthly HGV online auction to a hybrid weekly programme with alternating physical and online auctions.
The first physical auction will take place on Thursday 23rd May in state-of-the-art facilities at Bruntingthorpe Proving Ground in Leicestershire. Buyers will be able to attend the fortnightly sale in person to see the vehicles as they drive past the rostrum, or log on to bid and buy in real-time using Manheim’s award winning Simulcast technology.
The business has also announced plans to launch four additional HGV de-fleet hubs at its Shotts, Washington, Gloucester and Colchester auction centres.
The strategic move will allow Manheim to meet customer demand in the HGV market for a flexible service that helps vendors maximise sale returns, minimise movement costs, and split duplicate model volume. All vehicles, regardless of location, will benefit from a detailed electronic condition report and imagery available on the Manheim website prior to sale day.
Peter Bell, managing director of Manheim said: “Since taking up the role of MD at Manheim in 2018 I have been listening to our customers. We know that our HGV vendors trust in our ability to offer the optimum route to market to maximise returns, and their major need is for de-fleet and storage facilities that complement our remarketing services.”
“This year we have been selling 100% of our HGVs and close to 50% of our LCVs online. Our new physical de-fleet and storage hub footprint across the UK ensures we deliver a scalable solution that meets our customers’ needs and underpins our long-term growth.”
The benefits of the new fortnightly physical HGV auction are its central location, its dedicated de-fleet and workshop facilities as well as the significant space afforded by the site’s 600 acre footprint.
This strategic announcement follows a decision taken in Q4 2017 to move the HGV business to an online only model.
Bell added: “There is no doubt that the retail and wholesale sectors will face significant digital disruption in the years ahead. It is key that we take decisive action that ensures we remain relevant to our industry. Manheim’s revised strategy gives its customers a real choice and our investment demonstrates our commitment to this important part of the CV sector.”