ATLANTA – Manheim expanded its international presence into China when the Manheim Guo Pai auction in Shanghai held its first sale Sept. 20. Nearly 200 dealers attended the sale, Manheim’s first wholesale auction in China, with 50 percent of offered vehicles sold.
The facility will celebrate its official grand opening next month with a ceremony and sale Nov. 29. Manheim announced its entry into China earlier this year, when in May it announced a partnership with Shanghai Guo Pai, a large Chinese auction company that also deals in art, antiques, and real estate.
In addition to physical auction sales, Manheim is also working to expand Simulcast capability for its Chinese auctions and will also offer ancillary services such as vehicle inspections, reconditioning, title transfers, and arbitration. Manheim plans to open additional facilities in China over the next six to 12 months.
In partnership with leadership from Shanghai Guo Pai, Manheim’s China team is led by Mike Langhorne, chairman of Manheim China Holdings; Neville Green, director of Manheim China Holdings; and Cliff Anderson, vice president of operations for Manheim Investment Management Consultancy/Shanghai.
Manheim currently operates outside of the United States in Canada, Australia, the United Kingdom, Germany, New Zealand, Spain, Thailand, France, and South Africa.
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