Manheim’s new Gloucester super centre has celebrated a successful launch with over 1,000 buyers at its first sale event.
The specialist auction site, focused on van, truck and plant assets, recorded 5,270 accepted bids at its inaugural event; the most received at a commercial Manheim auction. Assets totalling £4.2m were sold on the day.
The new site is the result of a seven-figure investment, designed to support Manheim’s fast-growing van and truck customer base and said to be the largest in-lane physical auction for commercial vehicles in the UK.
Matthew Davock, director of commercial vehicles at Manheim Auction Services, commented: “Our ambition from the outset was to create a lively, energy-filled atmosphere for our customers and give them the opportunity to get up close with an array of truck, van and plant vehicles. The first sale event did just that.
“We couldn’t have asked for a better day to launch this fantastic new site. With the sun shining and over 580 units driving through the lanes from 56 different consigners, we exceeded our ambitions and customer expectations, with positive feedback received across the board.”
The event saw 83.6% of units sell first time with many consigners registering 100% conversion rates. In further positive news for sellers, the average sold prices versus reserve set achieved an impressive 107.2% on the day.
More than 160 buyers attended the event in-person, making for strong competition between hall buyer and online sales. In the van lane, 54% of total sales were won by hall bidders, whilst in the truck and plant lane, 74% of assets sold to online buyers.
The next event is scheduled for 7 November with a further 500 lots going under the auction gavels.
