Manheim to organize weeklong Marshall auction
Manheim will auction 1,000 Marshall Motor Group cars during a five-day event.
The week will begin with a 500-car auction at Manheim Bristol on Monday 8 April, and continue with auctions at Manheim Northampton, Online, Wimbledon, Colchester and Mansfield.
The last such event took place in October 2018 and attracted 2,000 registered buyers and reached a combined sale value of Â£ 4.1million.
Jon Head, Commercial Director of Marshall Motor Group, said: âPartnering with Manheim to offer large volumes of inventory during a week-long event has proven to be a very effective remarketing strategy for us.
âThere is always an air of anticipation in the preparation for the event, and the quantity and quality of the stocks on offer generate strong interest from buyers throughout the week.
âWe are proud to have good relationships with our wholesale buyers, and representatives from Marshall Motor Group will, as always, be at the podium throughout the week making decisions on the offers received. “
Peter Bell, Managing Director of Manheim, added: âWe like to work with our suppliers to market their stock in the most efficient way.
âMarshall Motor Group has a successful weekly auction program in Manheim, and events like this give us the opportunity to further increase buyer engagement by promoting additional volume. “
The Manheim event takes place at the start of a month in which NAMA expects vehicle volumes to increase due to an increase in the number of new cars and a high number of parts exchanges in March.
The NAMA Market Attitude Survey shows that most auction centers expect the values ââof gasoline and diesel cars to remain stable, with only 5% of respondents expecting lower prices. gasoline prices and 15% expecting a drop in diesel.
James Tomlinson, President of NAMA, said: âThe used car market has generally performed as expected in the first quarter of 2019.
âValues ââhave remained stable and there has been a constant flow of buyers bidding competitively across all sectors of the market, both at auction and online.
âWe expect this buoyant market to continue into the second quarter.
âNAMA is optimistic that demand and prices in the used car market will remain stable and 2019 will mark another successful year for the auction industry. “