Auto Remarketing, March 3, 2020 – In 1945, World War II came to an end, kicking off an era of economic expansion in the United States that would eventually include the auto industry.
That same year, a one-lane auto auction opened in southern Pennsylvania.
Less than 15 years later, with the auto industry humming along, Manheim Auto Auction was the world’s largest.
Having since become an international auction company that includes 111 physical, digital and mobile locations, Manheim is celebrating its 75th anniversary this year, and its management certainly sees the parallels between the post-war economic boom and the early growth of its auction business.
“I think that was the impetus of why someone thought we needed a car auction,” Manheim president Grace Huang said during an Auto Remarketinginterview of Cox Automotive leaders at NADA Show 2020. “The whole industry has been built on the tailwinds.”