Manheim breaks monthly sales record for third time in 2015
Last month saw the company sell more units across all of its sales channels than any previous month, with a record 38% of this number sold through its online platforms, including its remote bidding system, Simulcast.
Manheim’s auction sales volume was up 6.4% year-on-year in July and was 13.1% higher than the total units sold in July 2013. Average unit selling price has also seen sustained growth, with data from July 2015 showing a 2.7% increase from the same month the previous year, with the average vehicle selling for 12.5% more than it did July 2013.
As well as selling price, average days in stock were nearly 2% down year-on-year, and vehicle grade had also improved, with the company saying that it’s proactively engaging with vendors to demonstrate the positive return on investment that can be generated from reconditioning lower grade vehicles.
Michael Buxton, CEO of Manheim UK, said: “To break our monthly sales record for the third time in 2015 clearly shows that we are not only growing our business, but that we are growing it sustainably by developing our customer relationships and consistently delivering impressive performance.
“Manheim is committed to innovation and developing its products and services, including through the application of new technologies, to make buying and selling cars faster, smarter and easier.”