Manheim steps up Brazil business
As part of its regional development plan, vehicle remarketing specialist Manheim has acquired Pacto Sao Paulo in Brazil.
Manheim furthermore has concluded commercial and technological partnerships with Pacto North and Northeast and Leilomaster; also in Brazil.
This will give the local businesses access to the same level of technological development as the Manheim auction centres in Guarulhos and Ibate.
Under the terms of the partnership, Manheim will work with six other auction centres, in Manaus, Belem, Fortaleza, Goianaia, Brasilia and Salvador – all to be opened before the end of this year.
Only 8% of used cars in Brazil are processed through auction sites, way below the average for North America and Europe – and a discrepancy the new venture is designed to remedy.
| 21/07/2017 | Frank Jacobs