Zenith extends LCV contract with Manheim
Manheim, the UK’s number one commercial vehicle auction company, has extended its contract with Zenith.
The agreement will see Manheim Auction Services carry out the remarketing of its commercial vehicles (CV) over three years from its national CV network of auction centres across the UK. Zenith commercial vehicles will now be sold onto new buyers through Manheim’s buy now platform, supported by its award-winning ‘virtual’ auction platform, ‘Simulcast.’
This online approach means Zenith, the UK's leading independent leasing, fleet management and vehicle outsourcing business, can minimise any costs and time delays associated with moving vehicles around auction centres, with stock held securely in three centralised, dedicated defleet centres. It also ensures that Zenith benefits from the largest possible active buyer audience, highest sale values and optimum speed of sale.
Stephen Barlow, head of remarketing for Zenith, said: “We’ve worked with Manheim Auctions for more than four years and during that time, through a blend of online and physical auction sales, they have managed to reduce our average days to sell by nearly two thirds. Continuing to work with them through a digital-first approach will ensure we continue to reach the right audience for our stock, which in turn will improve average sales values and further reduce days to sell.”
Matthew Davock, director of commercial vehicles, Cox Automotive Europe, added: “Manheim’s commitment to customers is to support their remarketing programmes through several different channels and customers are increasingly looking for a hybrid online / physical model. Through our work with Zenith, we have already helped them enjoy great success in their remarketing and are confident we can continue to provide an industry-leading service as we work together throughout the next three years.”