Manheim has launched a weekly truck and trailer auction at its dedicated site in Coventry.
The inaugural auction saw more than 130 trucks and trailers sell for a total of more than £1.5 million, making it Manheim’s highest value truck and trailer sale on record.
“The decision to consolidate Manheim’s English truck, trailer and plant sale programme into Coventry has exceeded all initial expectations. The engagement and feedback from clients and team members alike has been overwhelming,” said James Davis, director of commercial vehicles at Manheim.
The auction enjoyed quality entries from a choice selection of blue chip vendors and attracted 324 registered buyers, a new record for Manheim’s truck business.
Two thirds of the buyers joined the event remotely via Simulcast, Manheim’s online bidding platform, and between them they registered more than 1,200 individual bids and secured 47% of the entry.
Throughout 2016, Manheim saw over 90% of all trucks offered attract an online bid and 56% of all trucks offered sold to online buyers, so the result highlights the diversity of buyers who supported the launch sale.