CommercialFleet

Manheim HGV auction brings in £800,000-plus in sales

Manheim HGV auction 2019

Manheim’s inaugural HGV drive-through-auction at Bruntingthorpe proved a big hit with buyers last week, by achieving sales close to £1million.

Over 150 HGV lots were on sale, with 72% of stock selling on the day and just over 200 physical and online buyers attending, amounting to a total sales value of more than £800,000.

Overall the sale achieved a staggering 105.63% of vendors’ reserves.

Manheim’s director of commercial vehicles Matthew Davock 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.

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.

Davock said: “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.”



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