Maserati Partners with Manheim to Centralize Remarketing Process
Maserati North America has partnered with Manheim to centralize its processes for wholesaling vehicles, including revamping its fleet management program and the liquidation of its off-lease, buyback, and company-owned units.
by Staff
December 19, 2016
Photo courtesy of Maserati.
2 min to read
Photo courtesy of Maserati.
Maserati North America has partnered with Manheim to centralize its processes for wholesaling vehicles, which includes revamping its fleet management program and the liquidation of its off-lease, buyback, and company-owned units.
Three Manheim locations – Manheim Riverside, Manheim Palm Beach, and Manheim New Jersey – will now serve as direct return centers for all of Maserati’s buyback units nationwide. Each location will feature a Maserati service center along with an onsite Maserati master technician who will oversee diagnostic and repair work as well as help train service technicians.
Ad Loading...
“When a client like Maserati shares its vision and business goals with us, we can explore a variety of new and innovative solutions that drive more informed decision-making and greater efficiencies,” said Kevin Chartier, vice president of enterprise sales for Cox Automotive. “This partnership is the direct result of how deep collaboration between our companies can deliver win-win results.”
Manheim New Jersey will also manage and administer Maserati’s company car program, including facilitating new vehicle exchanges with Maserati employees and preparing returned units for sale at auction.
Maserati and its financial partner are also sending Maserati off-lease maturities which are not purchased by lessees or grounding dealers to Manheim, where the units can be reconditioned, repaired and auctioned via OVE, Simulcast Everywhere and in-lane sales.
Maserati franchise dealers nationwide will be able to ship their off-lease inventory to six Manheim locations across the country as part of the deal – Manheim San Francisco, Manheim Riverside, Manheim Dallas-Fort Worth, Manheim Atlanta, Manheim New Jersey, and Manheim Palm Beach.
New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives reversed an improving trend.
Toyota Motor Credit Corp. will replace Mazda Capital Services as the captive consumer loan and lease financing company for U.S. Mazda dealers, according to a report filed with the Securities and Exchange Commission Wednesday.
Nissan Motor Acceptance Corp. will pay $3 million to the U.S. Department of Justice to settle claims of improper repossessions and lease terminations of members of the military.
Two Michigan men have been charged with allegedly conspiring to steal Volkswagen and Audi diesel vehicles involved in the emissions scandal that were parked at the Pontiac Silverdome, U.S. Attorney Matthew Schneider announced March 11.