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The Peter Vardy Group has signed a further two year partnership agreement with Cox Automotive.
The new contract will see Peter Vardy sell wholesale stock exclusively through Manheim Auction Services and using Cox Automotive’s eVA Valuations & Appraisals software.
Peter Vardy stock is sold weekly from the Shotts and Washington Manheim websites and online nationwide and it is estimated that a further 10,000 vehicles will trickle through the Manheim auction line over the next two years.
Peter Vardy, chief executive officer said: “Cox Automotive has earned a position of respect and trust in the two years since we started working together and I am very pleased to be extending our agreement and agreeing to exclusive terms. Our auction performance has been very strong and we believe Manheim’s hybrid physical and online approach is the right one. Buyers want choice and returns physical selling has a positive influence on both our follow-up and results.
“But just as important is how Cox Automotive behaves as a business. The Peter Vardy Group takes responsibility for our customers very seriously and we expect the same from our suppliers and partners. We’ve found Cox Automotive’s default position is to do the right thing, and this extends from the actions of team members to their commitment not to compete with their customers in the retail market. We applaud this gesture.”
Sam Panayides, director of sales at Cox Automotive added: “The Peter Vardy Group is the latest dealer group to do its wholesale volume to Cox Automotive and I am delighted that our partnership is continuing to go from strength to strength. We never take our customers’ business for granted and work hard to ensure we provide the best we can for them. Peter Vardy has proven to be a popular vendor among our physical and online buyers thanks to the reliable flow they feed into our auction program and the diversity their retail business portfolio provides.”
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