GMAC Finance extends contract with Manheim Auctions

GMAC Finance has signed a new three year solus deal with Manheim Auctions for the disposal of all of its voluntary terminations, repossessions and PCP product, effective from 1st January 2009 until 31st December 2011. This contract, which extends further a relationship that was established in 1999, will result in the region of 9,000 vehicles being disposed of during the length of the contract.

GMAC Finance will have a dedicated sale programme for its fully reconditioned stock at five different Manheim auction centres – Bristol, Birmingham, Glasgow, Rotherham and Wimbledon. As part of the contract, GMAC Finance will also utilise the services of the Manheim DeFleet Services’ Inspect and Collect service on all vehicles.

Martin Potter, Sales Director, Corporate Fleet, Manheim Auctions said: “I am pleased that GMAC Finance has agreed to extend further its contract with Manheim. I believe we have developed a very good working relationship over the past nine years and I am confident that we will continue to support and enhance GMAC Finance’s remarketing strategy for many years to come.”