Peter Bell has joined Cox Automotive’s remarketing business Manheim as managing director.
He joined from Jaguar Land Rover, where he held the role of global financial services director. He has also worked as chief operating officer at Volkswagen Financial Services in the past.
Michael Buxton, chief executive officer of Cox said: “Peter is an accomplished business leader, with extensive operational, commercial and customer delivery experience in the financial services and automotive sectors. He is a very strong addition to the Cox Automotive leadership team and I am confident that he is the right person to lead Manheim through its next phase of growth and development.”
According to Buxton, Manheim will be a major focus for growth for Cox Automotive in 2018. He said: “We have clear plans to make wholesale stock management smarter and simpler for manufacturers, leasing companies and dealers and I am excited to see this come to life with Peter’s guidance and leadership.”
Bell said: “It is a great time to be joining Manheim, as it continues to lead the way in physical auctions and through its impressive digital and upstream remarketing businesses, including Vehicle Solutions and Manheim Online.”
He added: “My focus will be on helping our customers to grow their businesses using Manheim’s comprehensive offering, as it is the only remarketing business in the UK that offers complete end-to-end value creating solutions and is uniquely placed to offer its customers a forward-thinking remarketing service.”