LONDON, UK - Manheim will be the only remarketing company used in the UK by Santander, a multi-national financial institution. The remarketing agreement runs until December 2011, according to the Web site, www.businesscar.co.uk.
The vehicles will be sold through Manheim’s auctions in Bristol, Colchester, Rotherham, and Washington in the United Kingdom. Manheim will also take care of reconditioning, valeting and offer a full auctioning service, including its internet based live broadcast Simulcast.
Santander first employed Manheim three years ago, and has chosen to sign up for a second contract. Vik Hall, Santander consumer finance boss said: “These are difficult times and I have every faith in Manheim’s ability and experience in ensuring the successful implementation of our remarketing strategy.”