Event Included Tour of VW Credit, Inc. Technical Operations Center by Andrew Stuart, President & Chief Executive Officer, VW Credit, Inc.
ATLANTA – Manheim Pennsylvania, the largest wholesale auto auction operation in the world, and VW Credit, Inc. (VCI) partnered to host a premier sales event on June 7, 2012. More than 300 Volkswagen and Audi vehicles were sold in-lane and online, with 97 percent of the VCI vehicles offered being sold.
In conjunction with the event, Manheim Pennsylvania welcomed Andrew Stuart, president & CEO of VCI. Stuart toured the 21,000 square-foot facility that houses 24 bays and 15 lifts, and has a 300 to 400 vehicle per week capacity. In 2011, VW and Audi enhanced more than 4,000 vehicles through this facility.
“We have had a long-standing relationship with VCI for more than 20 years,” said Tim Van Dam, vice president and general manager of Manheim Pennsylvania. “In addition to general manager of dealer remarketing Mark Ilijanic’s terrific support of this sale, we were extremely honored to host Andrew Stuart at the largest auction-based technical operations center in North America for VW and Audi.”
The facility employs both Manheim, VW and Audi technicians, who perform everything from minor mechanical and cosmetic repairs to major component repairs, in an effort to enhance the value of vehicles and make them frontline-ready.
VCI offers the only “buy back” center in North America, where cars with issues that cannot be diagnosed, are accepted from dealers and re-sold as “buy backs” via auction channels. Manheim operates nine Technical Operations Centers for VCI around the country.
As part of Manheim’s company-wide conservation initiatives, the facility utilizes hot-water part washers rather than solvent and will have the capacity to recycle oil filters with specially installed filter crushers.
About Manheim (www.manheim.com)
Manheim is the world’s leading provider of vehicle remarketing services. Through its 113 worldwide wholesale operating locations and digital services, Manheim influences every stage of a used vehicle’s life cycle, helping commercial sellers and automobile dealers maximize the full value of their vehicles. Drawing from its auction transaction volume, Manheim Consulting publishes the annual Used Car Market Report, the definitive source of data for the used car industry. Manheim Consulting offers a wide range of services including custom analytics, business optimization and macro economic analysis.
Manheim is the online vehicle remarketing leader, connecting buyers and sellers to the world’s largest, most comprehensive wholesale marketplace through its extensive in-lane and digital offerings. Manheim.com receives nearly 900,000 visits each week.
Additionally, Manheim offers services including reconditioning, certification, inspections, dealer financing, title management and marshaling, among others. Through its wide array of services and technologies, industry publications, customer support and educational offerings, Manheim gives its customers maximum control over how they buy and sell vehicles, helping them to conduct business in the most efficient way possible. Worldwide, the company handles nearly 8 million used vehicles annually, facilitating transactions worth more than $50 billion in value.
Headquartered in Atlanta, Manheim is a subsidiary of Cox Enterprises, a leading communications, media and automotive services company.
About VW Credit, Inc.
VW Credit, Inc., which provides financial products and services to Volkswagen and Audi dealers and their customers in the United States, has been operating from the Franklin Boulevard site in Libertyville since 1999. The company offers retail leasing and financing, as well as wholesale financing solutions for new and used vehicles. VW Credit, Inc. also manages and markets co-branded financial services through third-party providers. The company was founded in 1981, with headquarters in Herndon, Va. It maintains operational and customer service centers in Libertyville, Ill. and Portland, Ore.; a remarketing department in Auburn Hills, Mich.; as well as regional offices in Westlake Village, Calif.; Alpharetta, Ga.; Woodcliff Lake, N.J.; Irving, Texas; and Pleasant Prairie, Wis.