Manheim, a provider of products and services for the vehicle remarketing sector, has announced a two-year contract with Endeavour Automotive.
The London-based Hyundai and Volvo car dealers Endeavour Automotive will launch its auction programme on 16 January, offering approximately 40 vehicles each week to Manheim buyers at its Wimbledon centre.
The dealer group will also benefit from Manheim’s ‘Seller Advance’ system, which provides part-exchange valuations direct to forecourts, alongside cash advances to aid working capital and business growth.
Adrian Wallington, managing director of Endeavour Automotive, said: “We pride ourselves on delivering an outstanding experience, and we’re delighted to partner with an organisation that shares our commitment to customer service.
“Preparations for the launch of our auction programme are well underway, and we look forward to a successful partnership with Manheim over the next two years.”
Peter Bell, managing director of Manheim, said: “At Manheim, we take pride in using our considerable industry expertise to deliver a seamless experience for our vendors. We are delighted to welcome Endeavour as a customer, and look forward to building a successful and profitable auction programme.”
“This new contract marks the start of what is already shaping up to be an exciting year for Manheim. 2019 will see us maximise value across our physical auctions, and grow our Vehicle Solutions offer to meet the unprecedented levels of customer demand we are seeing for these services.”
Dealers have their sights set on growth in 2019 according to the latest dealer sentiment survey undertaken by Manheim, with stocking and retailing a greater volume of used cars identified as priorities.
Four in five dealers report having investment plans to support their used car business in 2019. Half say they plan to invest in additional used car stock, while one in five say they will be investing in preparation facilities, including reconditioning and retail ready capabilities. Seven per cent plan to invest in additional locations for the retailing of used vehicles.