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Auction Companies - Traditional

May 19, 2011

Auction Companies - Traditional

While many dealers purchase inventory via online auctions today, the computer hasn’t replaced the in-the-lane experience for some who prefer to attend physical auctions. While there aren’t a ton of players in this category, dealers continue to report high satisfaction for one company.

With 77 auction locations in the continental United States plus one in Hawaii, Manheim certainly has the reach to meet dealers’ needs, and the dealers reported high satisfaction yet again this year. Manheim achieved Triple Diamond status, collecting its third consecutive Diamond Award this year. This marks the company’s seventh straight award in this category—five Diamond, one Platinum and one Gold.

Company Award Score
Manheim Diamond 107.2
Group Average 103.7

Vol. 8, Issue 4

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Subprime Credit Finance

Compared to recent years, dealers have been reporting loosened subprime financing, and their ratings of subprime finance companies this year correlate. For the first time since 2008, more than three subprime credit finance companies scored well enough to earn mention.