NEWS

MANHEIM has held its first car auction at its new Bruntingthorpe super centre with a sale of 365 cars. The Lombard Vehicle Management sale made over £3.5 million and boasted an 80 percent conversion rate. Almost 300 buyers attended the old US Airforce base in Leicestershire, reports Manheim MD Mike Pilkington, with lots more taking [...]

MANHEIM reports its Simulcast online auction service rocketed 85 percent and sold 25,000 cars in 2009. This came on the back of a 94 percent growth in car trade buyer log-ins, which saw the 100,000-mark broken. Total worth of these cars sold online? £200 million. Proof, said MD Mike Pilkington, that ‘the investment in Simulcast [...]

USED car wholesale values rose by nearly 35 percent year-on-year reports auction house Manheim. December 2008 prices were £1770 higher than 12 months ago. The huge rise came despite values actually falling slightly in December 2009, by a little over 4 percent. It means the average used car wholesale price is £6875. Manheim MD Mike [...]

MANHEIM is reporting its clever new Seller Advance tool has proven ‘an instant hit’ with car dealers using it. The feature promises accurate valuations with an error rate of less than 3 percent. Launched 6 months ago, it’s innovative stuff. The general process works like this: •    Car valuation agreed and deal secured •    Car [...]

MANHEIM will open the doors to its new super-centre next month – on a former US Airforce base! The car auction group is to open a 30,000 sq ft auction hall area at the Bruntingthorpe facility. A 670-acre facility located not far from J20 of the M1, Manheim reckons its new base gives it a [...]

MANHEIM has signed up the Retail Automotive Alliance to its Simulcast online car auction service. This means 600 vehicles per week will be offered over the web, as well as at physical auctions in 13 Manheim centres. It’s certainly a big boost to the booming service – Manheim has already sold around 15,000 cars for [...]

MANHEIM Leeds sold, in June, more cars than ever before, thanks to growth in its auction programme. New vendors have come on board, including Inchcape Retail and Jardine Motors, meaning huge swathes of cars for sale. This is great news for car dealers, who still have an insatiable appetite for used stock, says Manheim. The [...]

53 percent of UK car dealers have seen sales rise in the first half of 2009, reveal new Manheim findings. For 72 percent of dealers, it’s been the scrappage scheme that’s led to the sales boost – and nearly half reckon the positive boost is set to continue. This is despite a majority of dealers [...]

MANHEIM reports that its online auction service has already sold more cars than it did during all of 2008. The landmark was reached on 1 July – meaning it’s taken half the time to top 2008’s sales total. This points to the increasing popularity of online auctions for car dealers. Manheim’s 2008 total was 13,157 [...]

USED car prices rose by an average of 3 percent in June, shows latest evidence from Manheim Auctions. This is the fifth year-on-year increase in the past six months. What’s more, it beats the summer slump usually seen at this time of year. Look to individual sectors, and the gains are even greater. Dealer sector [...]

USED car prices fell by 0.6 percent in May – but, says auctioneers Manheim, this is nothing to worry about. It is a decline, but it’s less than the seasonal norm. What’s more, both fleet and dealer sectors continue to report value increases. It was the manufacturer sector that was hit, marking a decline of [...]

VOLKSWAGEN’S latest Golf 6 model has hit the car auction floors for the first time, at Manheim Leicester. The Volkswagen closed sale saw a good result for the new family hatchback, too: it made 90 percent of list. More than 20 early Golf 6 were sold, from a lot of over 350 Volkswagens. Every one [...]

USED car prices rose for the 4th month running in April – but the rate of rise has dropped to 1 percent. What’s more, falls are predicted for the coming months. Manheim Auctions says that April’s growth was largely driven by the fleet sector, where values rose by over 2 percent. In contrast, both dealer [...]

CONVERSION rates of 100 percent for Land Rover at a recent auction proved that 4x4s are still in favour. Manheim reported that over 200 Land Rovers offered by Ford Credit were sold – achieving an average CAP Clean value of 101.5 percent. This continues a resurgence in the SUV sector that has been underway since [...]