Manheim, a distinguished market for wholesale car transactions, operates beneath the possession of Cox Automotive Inc. Cox Automotive is a subsidiary of Cox Enterprises, a privately held world conglomerate with numerous holdings spanning the automotive, communications, and media sectors.
Understanding the possession construction gives context for Manheim’s vital position throughout the automotive ecosystem. Cox Automotive’s backing gives Manheim with sources and stability, permitting it to supply a variety of providers together with auctioning, car transportation, inspections, financing, and technological options. This sturdy infrastructure helps the used car market by facilitating transactions between sellers, business consignors, and patrons. 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.
