Bank of Ireland UK (BoI) has extended its partnership with Manheim Auction Services, part of Cox Automotive, securing the remarketing firm’s role for another three years. Under the agreement, Manheim will remain the bank’s key remarketing partner in Great Britain for its contract hire and fleet management arm, Marshall Leasing, and its asset and motor finance division, Northridge Finance.
The renewed partnership is expected to see up to 4,000 vehicles pass through Manheim’s auction lanes each year. Marshall Leasing, which has grown since being acquired by Bank of Ireland UK, now manages a fleet of 13,000 vehicles. The extension ensures continuity in de-fleet logistics and remarketing services, supporting the leasing firm’s expansion and its customer service commitments.
Greg McDowell, Managing Director at Marshall Leasing, highlighted the long-standing relationship between the two companies, stating that Manheim’s nationwide reach and mix of online and physical auctions were key factors in the decision to extend the contract.
Liam Quegan, Managing Director, Wholesale at Cox Automotive, described the renewal as a testament to Manheim’s ability to build long-term partnerships and deliver strong remarketing results.
Under the new agreement, Marshall Leasing’s cars will be auctioned at Manheim’s Manchester and Bristol sites, while vans will be sold at Colchester, Gloucester, Shepshed, and Haydock.
