9:01 am, February 28, 2012
THE number of franchised dealers attending Manheim’s open auctions has doubled in the past 12 months.
The auction firm says franchised dealers are attending open auctions in their droves in an effort to source used cars for their customers.
However, dealers are having to adjust their normal ‘age’ and ‘mileage policies’ to justify attending auctions just to source stock.
Mike Pilkington, managing director, Manheim Remarketing said: ‘The increase in the numbers of franchised dealers attending Manheim’s open auctions has been evident since the beginning of 2010, but last year saw a significant jump in attendees.
‘It seems that franchised dealers may have realigned their age/mileage policies to justify attending open auctions in such numbers in an attempt to source stock to meet increased demand for used cars.
‘If the numbers of franchised dealers attending open auctions continues to grow at this rate then independent dealers will find they are facing more competition in the auction hall and online.’
