Reclaimed cars quicken

Time 13 years ago

191006-a-manh.jpgMANHEIM is smoothing the flow of cars to auction after one unfortunate inevitability of the credit crunch – repossessions.

The Defleet division has launched an asset management and recovery service, supporting its vehicle asset owner clients and complementing the company’s existing operations.

It will help them get their cars back more easily, following defaults, and help make resale quicker, too.

The latest issue of Car Dealer Magazine is out now!

It’s web-based, meaning implementation following the termination of contracts is swifter as well. Manheim’s recovery agents will collect the car, following the exact terms and levels of engagement specified by the customer.

Electronic condition reports show the condition of the recovered vehicles, so companies can gauge the value of the car before sending it out to auction.

David Mercer, MD, Manheim Defleet Services said: ‘There are significant credit write-offs in the asset financing industry at the moment and the introduction of this service will help our customers to reduce costs and recover monies more quickly from defaulting customers.’

Car Dealer Magazine's avatar

Car Dealer has been covering the motor trade since 2008 as both a print and digital publication. In 2020 the title went fully digital and now provides daily motoring updates on this website for the car industry. A digital magazine is published once a month.

More stories...

Server 51