The firm’s vehicles will be remarketed through Manheim’s auction centres in Bristol, Colchester, Manchester, Mansfield and Washington.
Manheim has a long and well established relationship with Santander and this three-year contract extension is for the full range of auction services including physical auctions, Simulcast, logistics, storage and reconditioning.
The Santander announcement is the latest success for Manheim’s manufacturer, fleet and dealer sales teams. Manheim has signed up 14 vendors since September 2011, and increased the volume of product offered through its multiple sales channels by 45,000 vehicles.
The addition of three manufacturer vendors, three from the fleet sector and eight dealers has come during a period of challenging times for the remarketing industry.
Vik Hill, managing director of Santander Consumer Finance said: ‘The signing of this contract extension with Manheim is in recognition of the established relationship with the company and the consistent quality of service provided. I have every faith in Manheim’s ability and experience in ensuring the successful implementation of our remarketing strategy.’
Mike Pilkington, managing director, Manheim Remarketing said: ‘Santander’s commitment to Manheim for a further three years emphasises the benefits of a successful, long-term partnership. Manheim’s ability to increase its vendor base and the number of wholesale vehicles it will offer is further evidence of its recognised and well established remarketing capability.
‘Vendors appreciate the close working relationship they have with Manheim, the expertise and innovation provided and Manheim’s financial security and continued investment in facilities, products and services.’