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 world conglomerate with various holdings spanning the automotive, communications, and media sectors.
Understanding the possession construction supplies context for Manheim’s important function inside the automotive ecosystem. Cox Automotive’s backing supplies Manheim with assets and stability, permitting it to supply a variety of companies together with auctioning, automobile transportation, inspections, financing, and technological options. This strong infrastructure helps the used automobile market by facilitating transactions between sellers, business 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.
