Manheim, a outstanding market for wholesale automobile transactions, operates underneath 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 offers context for Manheim’s vital function throughout the automotive ecosystem. Cox Automotive’s backing offers Manheim with assets and stability, permitting it to supply a variety of providers together with auctioning, automobile transportation, inspections, financing, and technological options. This sturdy infrastructure helps the used automobile market by facilitating transactions between sellers, industrial consignors, and patrons. The corporate’s historical past dates again to 1945, evolving from a single public sale location in Manheim, Pennsylvania to a world community of bodily and digital marketplaces.
