TORONTO, Jan. 7, 2016 /CNW/ - After a successful three year partnership, Cox Automotive Canada through its Manheim Canada operation has acquired 100 percent ownership of Manheim Source Edmonton. Effective immediately, the auction will be operating as Manheim Edmonton and will continue to serve clients in Edmonton and the Alberta market.
"We are appreciative of the partnership that we had with Manheim Source Edmonton that served our clients in the Alberta market," said Maria Soklis, President of Cox Automotive Canada. "Today's announcement will allow for Manheim Canada to continue to service our clients and offer a full suite of products and services."
Manheim is North America's leading provider of vehicle remarketing services, connecting buyers and sellers of used vehicles to the largest wholesale and used vehicle marketplace. Manheim offers physical and digital auction channels, data analysis, financing and transportation and mobile products and solutions.
"The partnership with Manheim Canada has served well for both parties in the Edmonton market," said Danny Fayad, President and CEO of Source Auto Auction. "We are grateful to have been associated with an industry leader like Manheim and are especially proud of our collaborative results in the Edmonton market."
Today's announcement follows Cox Automotive Canada's communication in October announcing Manheim Vancouver as part of a strategy to expand its footprint into Western Canada.
About Cox Automotive
Cox Automotive is a leader in vehicle remarketing services and digital marketing and software solutions for automotive dealers and consumers. Cox Automotive, a subsidiary of Atlanta-based Cox Enterprises, includes Manheim, Autotrader, Kelley Blue Book, and a host of global businesses and brands serving customers such as auto dealers, manufacturers and financial institutions. Headquartered in Atlanta, Cox Automotive employs over 30,000 team members in over 200 locations worldwide. We partner with more than 40,000 dealers and touch over 65 percent of all car buyers in the U.S. with the most recognized brands in the industry. We unite over 20 brands in this space, providing an end-to-end solution to transform the way people buy and sell cars every day.
About Cox Automotive Canada
Cox Automotive Canada provides products and services through Manheim, vAuto, NextGear Capital, HomeNet, VinSolutions, XTime and Dealertrack.
SOURCE Cox Automotive Canada