Cox Automotive has reported a significant rise in the sales of used light commercial vehicles (LCVs) during the first half (H1) of 2024, marking a record-breaking period for the company’s auction and vehicle services operations.
Between January and June, a total of 50,267 LCVs were handled by Manheim Auction Services and Manheim Vehicle Services.
Matthew Davock, director of Manheim Commercial Vehicles at Cox Automotive, said: “The flood of LCV product into the wholesale market seen during Q1 persisted throughout Q2 as many owner-operator, leasing and rental players continued to replace their ageing fleet assets.
