Manheim's auction business roars ahead

Auto & Audio February 21, 2014 00:00

By The Nation

3,724 Viewed

Manheim, a leading vehicle auction and "remarketing" company, announced it has tripled its business in Thailand in the last 10 years.

By expanding its auction lanes in Bangkok and at its upcountry auction sites, Manheim has become the biggest vehicle-auction company in Thailand. 
“Over the past years, our expansion in Thailand has been consistent,” said Manheim Asia-Pacific vice president Simon Moran. “We now have five auction lanes in Bangkok alone, two auction lanes in Phitsanulok and one each in Surat Thani and Nakhon Ratchasima. 
“We believe we bring the highest levels of trust, reliability, convenience and state-of-the-art technology to the second-hand vehicle market across Thailand,” added Moran. 
Three of the five auction lanes in Bangkok are for financier-owned vehicles, one is for motorcycles and one for salvage. 
The company, which celebrated its 10th anniversary in Thailand in 2013, also provides an online, real-time auction service using its signature auction system called “Manheim Simulcast”. 
It is the first company to introduce online selling technologies for second-hand vehicles to the world market and to Thailand, Moran said. 
The system has been fully adapted for Thailand and uses the Thai language. 
Manheim has been operating since 1945, and handles more than 8 million vehicles a year worldwide, worth more than US$50 billion (Bt1.6 trillion).