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February 22, 2012updated 12 Apr 2017 11:47am

Santander and Manheim extend contract

The deal means that vehicles at the end of a variety of customer leases and contract hire from Santander will continue to be auctioned by Manheim, which will also offers logistics, storage and reconditioning. In the UK, Santander Consumer Finance supplies finance for the Kia, Hyundai, Mazda and Volvo brands and the vehicles will be auctioned at Manheims sites in Bristol, Colchester, Manchester, Mansfield, and Washington.

By Richard Irvine-Brown

White label motor finance provider Santander Consumer Finance has extended its contract with auctioneers Manheim Remarketing until 2015.

The deal means that vehicles at the end of a variety of customer leases and contract hire from Santander will continue to be auctioned by Manheim, which will also offers logistics, storage and reconditioning.

In the UK, Santander Consumer Finance supplies finance for the Kia, Hyundai, Mazda and Volvo brands and the vehicles will be auctioned at Manheim’s sites in Bristol, Colchester, Manchester, Mansfield, and Washington.

Manheim says it has signed 14 new vendor contracts since September, which has increased the number of vehicles it can offer for sale by 45,000.

Three of those 14 contracts are from fleet businesses, including Santander, as well as one large corporate entity and one manufacturer’s fleet, according to a Manheim spokesperson.

richard.brown@vrlfinancialnews.com

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