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Manheim acquires Shotts Motor Auctions

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Time 9:34 am, March 14, 2014

manheim-auctions-logoVEHICLE auction giant Manheim has bought the North Lanarkshire-based remarketing specialist Shotts Motor Auctions for an undisclosed sum.

In a statement, US-owned Manheim said the deal signalled its commitment to the used vehicle market in Scotland.

The family-run business, which was established in 1989, operates from a 10-acre site in Stane Road, just off the A71 in Shotts, with two auction lanes and undercover storage for up to 250 vehicles. Manheim praised the firm, saying it had built up an excellent reputation for service levels and performance, especially within the corporate sector.


All the Shotts staff will be transferred as Manheim employees under employment protection regulations.

As part of the deal, Shotts’ managing director, Ian Irvine, has been appointed regional director for Manheim Scotland. He will be responsible for business development and service delivery across the former Shotts site plus the existing Manheim site in Glasgow.

Michael Buxton, chief operating officer of Manheim UK, said: ‘We have, for some months, been exploring ways we can better serve our vendor and buyer customers north of the border. We’re absolutely delighted to have acquired Shotts, which will significantly build our total offering in Scotland.


‘The skills, knowledge and expertise of the Shotts people are second to none and we wanted to retain that talent as a key element of the acquisition process. After some weeks of inevitable uncertainty, we’re pleased to have confirmed this deal, which is good news for the motor trade in Scotland.’

Irvine said: ‘Having considered all of the options, I know that our decision to join the Manheim family is the right one for the Shotts Motor Auctions business. Being part of the world’s biggest vehicle remarketing business gives us the assurance, insight and financial backing to grow Manheim’s market share in Scotland.

‘Looking ahead, it is business as usual for us – we have our next cars/light commercials sale on March 18. In the longer term, we will be developing a series of services that meet the needs of customers in the region.

‘It’s an incredibly exciting time for us and we’re looking forward to being part of building Manheim’s presence and influence in the Scottish used vehicle marketplace.’

 

James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.



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