Manheim enjoys successful restart to physical HGV auctions
12 June 2019
Manheim’s return to a physical HGV auction proved a big success with total sales topping more than £800,000.
The sale, which took place at the firm’s Bruntingthorpe site, saw over 150 HGV units go under the hammer and 72% of all lots sold on the day.
More than 200 buyers attended, with 37% of the lots selling online and an overall return of 105.6% on vendors’ reserves.
Buyers had the option of either attending in person to see vehicles drive past the rostrum or logging on to bid and buy using Manheim’s award-winning Simulcast technology in real-time.
At the end of the physical drive through auction, a virtual lane auction was held. Facilitated by the new Dealer Auction team, a Cox Automotive joint venture with Auto Trader, the auctioneers offered over 40 lots to the physical audience as well as those online.
These online lots (trucks, trailers plus items of plant / equipment) were located at Manheim’s four new strategic HGV de-fleet hubs at Shotts, Washington, Gloucester and Colchester auction centres. All vehicles, regardless of location, benefited from a detailed electronic condition report and imagery available on the Manheim website prior to sale day.
Manheim also used the event to introduce Chris Mynott as its new national HGV manager to head-up this specialist division, having re-joined the company from Commercial Vehicle Auctions.
Matthew Davock, director of commercial vehicles at Manheim, said, “We know that our vendors trust us to maximise returns and that their biggest need is for de-fleet and storage facilities. Bruntingthorpe’s 600-acre site offers the necessary scale and size required to run our new HGV proposition and works perfectly when supported by the four de-fleet hubs.
“This 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 splits duplicate model volumes. The reaction of vendors and buyers alike to the new sale and Chris’s return to the podium has been overwhelmingly positive.”