Auction numbers double

Time 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.’

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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