Cox Automotive Europe: August Newsletter

Welcome to the August edition of our monthly newsletter! Read on for a roundup of all the latest news and views from around Cox Automotive Europe…?

NEWS

Dealer Auction launches vehicle collection and processing service?

Dealer Auction is extending its service proposition to support more dealers and fleets to make the move to a digital remarketing strategy. Dealer Auction Remarketing Services gives dealers and fleet operators the option to outsource the handling of vehicles. Read more.?

NextGear Capital refreshes Stocking Plan to benefit customers?

NextGear Capital, the wholesale funding provider, has made a number of changes to its Stocking Plan product to further support its customers. The amount customers re-pay while vehicles are on plan has been cut by, on average, 66%, and the monthly audit fee has been removed. The maximum vehicle value on core plans has also been raised from ￡45,000 to ￡75,000. Read more.?

Vibrant festival flavour for Manheim Portugal hybrid launch?

Uptempo music filled the Lisbon air as Manheim Portugal launched its new hybrid auction programme. Themed on the joy-filled Santos Populares, a traditional festival that takes place every June, 270 customers attended the auction lanes. Customers can now enjoy two hybrid sales per month at Manheim’s Lisbon and Porto bases. Read more.??

“Sale of the Year” LCV event sees 100% of stock snapped up and a record amount raised for charity?

The sun was smiling in a cloudless sky as Novuna Vehicle Solutions’ offsite LCV auction – run in partnership with Manheim Auction Services – raised more than ￡8,600 for housing and homelessness charity Shelter. A whopping ￡2.5 million pounds worth of LCV assets were sold at the event on Friday last week. The happening, the seventh of its kind, is affectionately dubbed the “Sale of the Year” by Cox Automotive’s LCV buying customers. Read more.

Cox Automotive achieves another supermarket sweep?

Cox Automotive has signed terms with four supermarkets that will result in an additional 2,000 vehicles a year selling through Manheim Auction Services. The four - Car360, Chris W Roads, Phantom Motor Co and JW Autos – join Big Motoring World, AvailableCar, CarShop and Carsa as supermarkets to sign, or resign, with Cox Automotive this year. Read more.

INSIGHT AND VIEWS?

A roundup of our best content in June. Click the links to read more.?

• ?AutoFocus issue 10 – out now!?
• New car market will continue steady recovery for remainder of 2023?
• Used car market forecast emphasises recovery based on consumer and business confidence?
• Auctioneer Diaries episode 3?
• The Gavel – August 2023?
• Under The Hood – Dealer Auction in Q2?
• Are you prepared for the new Consumer Duty regulations??
• Cox Automotive reports a resilient used car market in first half of 2023?
• Road to success – the dealers that chose NextGear Capital?
• Directing traffic – How to get more out of your website with SEO?