The business has been acquired from parent company European Vehicle Sales for an undisclosed sum and enables Manheim to step up activity in the digital online space.

EVS Online Auctions lists trucks, trailers and plant equipment from major outright purchase, contract hire, finance and leasing, manufacturer and franchised dealer sources. The electronic auctions operate on a timed basis. Manheim has also engaged European Vehicle Sales as a strategic partner to support it the delivery of a number of unique products and services for the truck and trailer sector.

John Bailey, Manheim's UK chief executive and president of International Operations, said: ‘Manheim is the world's leading automotive services business and this acquisition further enhances our number one position. We're simplifying the trusted exchange of used vehicles and the industry is in exciting phase of development with the digital environment playing an increasingly significant role.’

The EVS Online Auctions team report into James Davis, Manheim's director of commercial vehicles. EVS's business development director, Mark Spavins, will work in a business development capacity headed by Manheim. Along with Davis, Spavins will be fully engaged in driving Manheim's truck and trailer growth strategy.

Richard Mills, managing director and owner of European Vehicle Sales, said: ‘Modern technology provides so many opportunities for our business and our customers alike. With EVS Online Auctions we developed a fantastic proposition by harnessing technology and developing a super-efficient online sales channel. Manheim has the presence and resources to take this to the next level.’

Davis commented: ‘What many people don't realise is that Manheim already sells more than 60% of its trucks online via Simulcast, our online bidding service that connects remote buyers into our live physical auctions. Our fundamental role is as “market-makers” and we will now enhance our truck and trailer remarketing operation into a world-class business, delivering unrivalled product offerings, service and results. I am especially excited to welcome my new colleagues to Manheim, as they will significantly enhance our existing specialist HGV expertise and will be key to delivering our future growth plans.’