Manheim, a outstanding market for wholesale automobile transactions, operates beneath the possession of Cox Automotive Inc. Cox Automotive is a subsidiary of Cox Enterprises, a privately held international conglomerate with numerous holdings spanning the automotive, communications, and media sectors.
Understanding the possession construction offers context for Manheim’s important position inside the automotive ecosystem. Cox Automotive’s backing offers Manheim with sources and stability, permitting it to supply a variety of providers together with auctioning, automobile transportation, inspections, financing, and technological options. This strong infrastructure helps the used automobile market by facilitating transactions between sellers, industrial consignors, and consumers. The corporate’s historical past dates again to 1945, evolving from a single public sale location in Manheim, Pennsylvania to a worldwide community of bodily and digital marketplaces.
