Manheim New Zealand Appointed by IAG

March 20, 2013

Manheim New Zealand Appointed by IAG

IAG has confirmed the appointment of automotive auctioneering company Manheim, as their sole supplier to dispose of their written off vehicles. As New Zealand’s largest insurance company, IAG’s contract for the disposal of damaged vehicles is the largest of its type in the country.

The three year contract will see Manheim auction IAG’s written off vehicles through a combination of online sales and physical auctions in Auckland, Christchurch and Wellington.

Manheim are specialists in the sale of vehicles to trade and private buyers, selling on behalf of customers such as insurance companies, leasing and finance companies, local government and vehicle manufacturers and dealers.

Manheim’s CEO, Tim Hudson, was clearly delighted by the appointment. “The decision by IAG to appoint Manheim as their sole supplier sends a clear signal to the market about our credibility and our capability. We understand the local market and by listening to IAG’s requirements, we were able to tailor a national solution that fully caters to their needs. Our highly innovative approach combined with our ease to do business with and our ability to maximise their returns, was clearly an appealing proposition.”

The agreement commences in early May and Manheim is encouraging buyers to register their interest for more information about the sale of IAG’s damaged vehicles, by becoming a member online at www.manheim.co.nz.

About Manheim

Manheim has over 50 years of experience of connecting buyers and sellers of cars, trucks, machinery, and general plant and equipment.

In addition to regular public car, motorcycle, damaged vehicle, truck and machinery auctions, Manheim offer services such as logistics management, transport solutions and vehicle storage.
The company is a fully owned subsidiary of Manheim International, the world’s largest automotive remarketing company. The operations in New Zealand are backed by the huge resources of Manheim, who have more than 130 remarketing facilities worldwide and a presence on every continent. Globally, Manheim handle approximately 8 million vehicles per annum, facilitating transactions worth over 40 billion dollars.

ENDS

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