Manheim, a prominent marketplace for wholesale vehicle transactions, operates under the ownership of Cox Automotive Inc. Cox Automotive is a subsidiary of Cox Enterprises, a privately held global conglomerate with diverse holdings spanning the automotive, communications, and media sectors.
Understanding the ownership structure provides context for Manheim’s significant role within the automotive ecosystem. Cox Automotive’s backing provides Manheim with resources and stability, allowing it to offer a wide range of services including auctioning, vehicle transportation, inspections, financing, and technological solutions. This robust infrastructure supports the used vehicle market by facilitating transactions between dealers, commercial consignors, and buyers. The company’s history dates back to 1945, evolving from a single auction location in Manheim, Pennsylvania to a global network of physical and digital marketplaces.
