Santander Consumer Finance and Manheim, Cox’s remarketing division, have renewed their partnership for another three years minimum.
The partnership first begun in 2002, and led Santander to adopt a range of products and services from Manheim.
These include the implementation of Manheim AuctionDirect, allowing dealers to browse Manheim’s stock and directly debit the purchase on their facility with Santander.
Shaun Deacon, head of arrears management at Santander Consumer Finance, said: “This renewal signals the strength of our on-going partnership with Manheim, we’ve been working together for 16 years and greatly value their expertise, attention to detail and dedication to making our sales a real success.”
Peter Bell, managing director of Manheim, said: “This is fantastic news that further cements our relationship with Santander Consumer Finance and we are proud to continue working together.
“The contract extension is testament to the hard work and professionalism that Manheim teams provide on a daily basis to its partners, and we are very much looking forward to continuing our relationship with the team at Santander Consumer Finance.
“Santander Consumer Finance sale events are always well attended and there is a real buzz, in the hall and on Simulcast, whenever they are held. We’ll now focus on developing the sales further, to offer our buyers an even better experience and of course, continued access to the high-quality stock they have come to expect.”