BoI UK extends remarketing deal with Manheim

Alejandro Gonzalez

Mon, Mar 24, 2025, 4:51 AM 1 min read

Bank of Ireland UK (BoI) has extended its concern with Manheim Auction Services, portion of Cox Automotive, securing the remarketing firm’s relation for different 3 years. Under the agreement, Manheim volition stay the bank’s cardinal remarketing spouse successful Great Britain for its declaration prosecute and fleet absorption arm, Marshall Leasing, and its plus and centrifugal concern division, Northridge Finance.

The renewed concern is expected to spot up to 4,000 vehicles walk done Manheim’s auction lanes each year. Marshall Leasing, which has grown since being acquired by Bank of Ireland UK, present manages a fleet of 13,000 vehicles. The hold ensures continuity successful de-fleet logistics and remarketing services, supporting the leasing firm’s enlargement and its lawsuit work commitments.

Greg McDowell, Managing Director astatine Marshall Leasing, highlighted the long-standing narration betwixt the 2 companies, stating that Manheim’s nationwide scope and premix of online and carnal auctions were cardinal factors successful the determination to widen the contract.

Liam Quegan, Managing Director, Wholesale astatine Cox Automotive, described the renewal arsenic a testament to Manheim’s quality to physique semipermanent partnerships and present beardown remarketing results.