Consolidation of global ute market

Transcription

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EDITION 15
JULY 15, 2016
THE BUSINESS PAGES OF GOAUTONEWS
One size fits all as manufacturers choose badge engineering
over developing new commercial vehicles
Barbagallo’s premium
showroom investment
How fleets can
save millions
WA government
‘gouging’ attacked
Lavish Perth showroom delivers the finest for
Rolls-Royce, Ferrari, Maserati and Aston Martin
KPMG says electronic logbooks cut fringe benefit tax
liability after the statutory formula was tightened
Stamp duty ‘an election issue’ as
WA dealers lose sales to eastern states
GoAutoNews Premium
EDITION 15 | JULY 15, 2016
Barbagallo’s
premium showroom
investment
Consolidation of
global ute market
One size fits all as manufacturers
choose badge engineering over
developing new commercial vehicles
Lavish Perth showroom delivers
the finest for Rolls-Royce, Ferrari,
Maserati and Aston Martin
Page 3
Page 6
How fleets can
save millions
Western Australia
government
Stamp duty ‘an election issue’ as WA
dealers lose sales to eastern states
KPMG says electronic
logbooks cut fringe benefit
tax liability after the statutory
formula was tightened
Page 8
Page 10
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PUBLISHER: John Mellor
EDITOR: Neil Dowling
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Ron Hammerton, Ian Porter, Terry Martin,
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One size fits all as manufacturers choose badge engineering over developing new commercial vehicles
Mazda would source its
THE sudden contraction next BT-50 ute from Isuzu,
is similar to the
of ute manufacturers
consolidation of the
and the rebranding
van market where
of one model will
Fiat’s Ducato van is
see
Australian
the basis for similar
dealers potentially
vehicles badged as
selling virtually the
either a Peugeot,
same vehicle across
Citroen
or
Ram.
competing dealerships.
The Mazda joint venture
The “badge engineering”
with
Isuzu will see a
of utes, highlighted by this
week’s announcement that common ute made in
By NEIL DOWLING
n
Thailand, replicating the
Mazda BT-50 and Ford
Ranger venture that has now
been terminated.
Isuzu will produce nextgeneration pick-up trucks
for Mazda, based on Isuzu’s
pick-up truck model sold as
the D-Max in Australia. The
collaboration is expected to
see its first product in 2019.
Currently,
Isuzu
also
shares its ute platform and
body panels with the Holden
Colorado. The Mazda deal
makes three branded
utes off that one
platform.
Nissan’s alliance
with Renault has
already
forged
an agreement to
rebadge the Navara ute as
the Renault Alaskan. More
recently,
Mercedes-Benz
has announced it would
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collaborate with Nissan to
make its own ute based on
the Navara.
Last month, Nissan
bought a controlling
share in Mitsubishi,
suggesting there will
be a further retraction
in the manufacture of
utes, with the next-generation
Triton likely to be based on the
Navara as well.
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Isuzu D-Max
Continued from previous page
Though
there
are
differences between the
brands – some as subtle as
grille and trim changes, others
as extensive as a unique
drivetrain in the Mercedes
ute – the over-riding benefit
is avoiding big investments
in unique platforms as well
as economies of scale where
volume at the factory door
diminishes the development
cost per unit.
Ultimately, for the retailers,
this can lead to lower – or
more competitive – pricing.
A company such as Nissan,
producing out of Thailand,
could double production to
sell a tangible difference
between the same vehicle
in competing showrooms
where no difference exists.
The difference may not be
the tangible product but on
“A company such as Nissan, producing out of Thailand, could double production
their ability to present one as
being more cost-effective as
to supply its associates while gaining significant cost reductions
its rebadged clone.
in all aspects of the manufacturing process”
Meanwhile,
on
the
supply its associates while pressure on rivals which Volkswagen’s Amarok and Australian market, such a
gaining significant cost have chosen the go it alone. Ford’s Ranger – to match contraction in models would
reductions in all aspects of the
With these seven brands costs.
give the core manufacturers
manufacturing process, from poised to come out of two
The downside for the a significant bonus.
better utilising existing plant production clusters and dealers will be trying to
Continued next page
and equipment, to design
and component procurement
as well as administration and
distribution.
It may also increase
with potentially reduced
price points, it may make
it more difficult for the
three
main
stand-alone
entries – Toyota’s Hilux,
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Holden Colorado
The combined sales for a
Mazda-Isuzu-Holden
ute,
in year-to-date (YTD) June
figures, is 25,074 units –
bigger than the sales of the
current ute leader, the Toyota
Hilux, at 21,171.
The combined NissanMitsubishi sales YTD – at
21,187 units – are also more
than the Hilux.
A potential for Mercedes and
Renault to net an additional
3000 sales each for their
respective Navara-based utes
could see Nissan as the core
ute market leader with the
equivalent six-monthly sales
of more than 27,000 vehicles.
Such arrangements are
not new and, while history
shows that it can work, badge
engineering is perhaps not
long-lived.
One of the more successful
arrangements was between
Nissan and Ford, which
saw the Japanese car-maker
share its Patrol 4WD with
the Blue Oval who sold it as
the Maverick. The combined
volume at times threatened the
grip the Toyota LandCruiser
had on the 4WD market to
the point where proposals
were put to Japan to make the
Patrol/Maverick in Australia.
Nissan Australia made
its Pintara sedan badged as
a Ford Corsair which was
exported to Japan but flopped.
Ford sold Nissan its Falcon
ute in 1988 which was also
Mazda BT-50
a flop and Nissan made the
Holden Astra as a rebadged
Pulsar which was a success.
Holden
made
the
Commodore for Toyota as the
Lexcen and Toyota made the
Camry and Corolla available
to Holden as the Apollo and
Nova respectively but the
arrangement hardly set the
house on fire.
Mazda’s
323
became
the Ford Laser which was
assembled in the Homebush
plant in Sydney and sold
very well for Ford which
lacked a small car from its
own portfolio of models. The
Mazda 626 became the Ford
Telstar but was less successful.
Footnote: It is not the first
relationship between Mazda
and Isuzu. Mazda has a 10year relationship with Isuzu
resulting in Isuzu’s Elf truck
being badged as a Mazda
Titan in Japan.
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Barbagallo’s premium showroom investment
Lavish Perth showroom delivers the finest for Rolls-Royce, Ferrari, Maserati and Aston Martin
By NEIL DOWLING
FOUR of the world’s finest
automobile brands have a new
multi-million dollar home
with the opening today of
Barbagallo Group’s huge new
showroom in the Perth suburb
of Osborne Park.
It provides a substantial
increase in showroom space
for each marque – Rollsn
Royce, Ferrari, Maserati and
Aston Martin – and, despite
some slowdown of car sales
because of the quiet Western
Australian economy, indicates
a strong belief by the company
in a strengthening of the WA
economy for the near future.
Aston Martin Asia Pacific
president Patrik Nilsson said
that “Perth is a significant
market for Aston Martin in
Australia and this multimillion dollar investment by
Barbagallos is a testament to
the brand’s strong presence and
growth in Western Australia”.
The official opening today
coincides with the Perth
unveiling of the latest model,
the DB11, which is the first
product launched under Aston
Martin’s Second Century
plan and the new showroom
has been designed to meet
increasing demand for the
marque in WA.
Showroom space includes
a dedicated Aston Martin
lounge and private rooms
where customers can tailor
their new car through
the Q by Aston Martin
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personalisation service.
Barbagallo Group director
and Aston Martin Perth dealer
principal Vince Barbagallo
said that “our investment
in the new, state-of-the-art
showroom truly reflects the
demands of our customers,
who have a strong affinity
with Aston Martin”.
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Rolls-Royce Motor Cars
also officially opened its
showrooms in the same
building, centering the event
on the new Rolls-Royce
Dawn.
The opening of the
showroom and display of the
Dawn was attended by RollsRoyce Motor Cars’ Asia
Pacific product manager Sven
Grunwald.
Barbagallo Group – which
started as a mechanical
workshop in 1967 by brothers
Alf and Tony Barbagallo –
was appointed WA’s RollsRoyce dealer three years ago.
At the official opening of
the showroom today, the
fourth for Rolls-Royce in
Australia, Barbagallo Group
director and son of Tony,
Vince
Barbagallo,
said
“today marks a milestone
for Barbagallo Group, a
sign of our confidence in
the WA market, three years
after we have already started
commissioning
RollsRoyces with our customers.
“With Dawn, one can
enjoy the vast expanse of
beautiful WA scenery in the
most social Rolls-Royce
ever built.”
Mr Grunwald added that he
would “like to congratulate
Barbagallo Group on the
opening of this beautiful new
showroom. I thank them for
their commitment to the brand
since we appointed them in
2013”.
The new 327 square-metre
showroom for Rolls-Royce
Motor Cars Perth houses
three Rolls-Royce motor cars
with a lounge that allows
customers to configure their
car using colour, wood
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and leather samples from
the manufacturing plant at
Goodwood, West Sussex.
Strategically positioned in
Perth city with easy access
to the Mitchell Freeway, the
new showroom will also
incorporate a service facility
which is fully supported by
the Rolls-Royce plant in
Goodwood and equipped
with the latest technology to
service Rolls-Royce cars.
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Western Australia government
Stamp duty ‘an election issue’ as WA dealers lose sales to eastern states
By NEIL DOWLING
WESTERN Australia’s high
stamp duty rates are leading to
tens of thousands of vehicles
being bought in east-Australian
states and diminished revenue
for Perth dealers annually.
The powerful Motor Trade
Association (MTA) has hit out
at the WA Government’s high
vehicle stamp duty rate, calling
it a “gouge on consumers” and
n
is poised to take the issue to from other states.
wanted to save money.
the voters ahead of the March
He said that a survey by
WA’s stamp duty is variable,
2017 state election.
the MTA about two years ago starting at 2.75 per cent for
MTA WA CEO Stephen Moir found that 30,000 used and new vehicles up to $25,000, but
said the stamp duty
that
percentage
“We’re
mindful
of
the
WA
government’s
parlous
rate was a “rip off”
rises on a sliding
for people buying financial position but we can’t let consumers scale for vehicles
used and new cars
up to $50,000
and business be ripped off in this way”
in WA and was
and peaks at an
counterproductive
because cars were being purchased in eye-watering 6.5 per cent for
it provided an incentive for the eastern states and brought vehicles more than $50,000.
buyers to source their cars back to WA because buyers
Under this scheme, vehicles
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priced under $30,000 have
similar stamp duty rates in
WA, Queensland, NSW and
Victoria, but the rate was
increasingly more expensive
for WA-purchased vehicles
valued at more than $50,000.
Mr Moir said he is adamant
to see the change in stamp duty
to bring vehicle prices closer in
line to the rest of the country.
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“We’re going in hard
before the election,” he
said. “We’re mindful of the
WA government’s parlous
financial position but we can’t
let consumers and business be
ripped off in this way.
“We want to see the high
rate changed, even if by one
percentage point.”
Mr Moir said a lower rate
would help bring back buyers
to WA and increase vehicle
sales, leading to more revenue
for the government.
“It would be preferable for
Australia to adopt a nationally
consistent percentage for
stamp duty,” he said. By
doing this it would provide
a level playing field for both
consumers and businesses.
“I think a 3-4 per cent rate
would be acceptable. Applying
one figure for all of Australia
will also stop buyers moving
interstate and disadvantaging
local vehicle retail businesses.”
Mr Moir said stamp duty
was a historic tax that today
had little relevance, other than
collecting money.
“The problem with the
tax is that it was introduced
early last century, before the
internet, when businesses
were all localised,” he said.
“We now work in a global
marketplace where buyers
make decisions based on price,
not location and on that basis
will move to other areas to get
the best deal, and that’s exactly
what many are doing now.
“Stamp duty rates are
inconsistent and fail to
recognize this change in the
marketplace and consumer
behaviour,” he said.
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How fleets can save millions
KPMG says electronic logbooks cut fringe benefit tax liability after the statutory formula was tightened
By IAN PORTER
THE advent of electronic
logbooks for fleet vehicles
has made it much easier for
fleet managers to switch away
from the now-unsatisfactory
statutory formula method for
calculating fringe benefit tax
(FBT) liabilities, according to
a fleet tax expert.
If used year-round, these
electronic logbooks can also
dramatically reduce the FBT
liability associated with onn
premises parking by accurately
tracking the vehicle’s location,
said David Sofra, the national
employment tax partner with
KPMG.
Mr Sofra said the tightening
of the statutory formula
method under the Gillard
government had forced fleet
managers to switch to the
previously ignored logbook
method for calculating FBT.
Speaking at a professional
development forum presented
by the Australasian Fleet rate under FBT.
Managers Association, Mr
This worked to defeat
Sofra said the government had the purposes of carbon and
changed the statutory formula environmental legislation.
“It provided incentives for
drivers of vehicles to increase
their kilometres so their
vehicles were assessed at much
lower tax rates,” Mr Sofra said.
method because it had been
“It was seven per cent if you
encouraging drivers to drive drove more than 40,000kms
further than they might and then it staggered off.
otherwise in order to qualify That’s all been scrapped.
for the top concessional tax
“Now a car can cover one
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kilometre or a car can drive
200,000kms during the year,
and you are still going to be
assessed now at a 20 per cent
statutory fraction.”
He said that, while large
proportions of fleets had been
assessed at seven per cent,
after the changes they were all
defaulting to the 20 per cent
rate. He said the change had cost
one national grocer around $13
million in extra FBT payments.
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Smartgroup fleet acquisitions roll on
Fleet manager buys its 10th business in six years
2011), Tailored Automotive
n LISTED fleet management Consultants (acquired in 2013)
services and salary packaging and Trinity Management
business
Smartgroup Group (obtained in 2016).
Corporation has bought
novated leasing firm Autopia
for $36 million.
It
is
Sydney-based
Smartgroup’s 10th acquisition
In
2015,
Smartgroup
since 2011 and its fourth
since floating on the stock reported revenue of $91.8
million, up 25 per cent on the
exchange in 2014.
Autopia, also based in previous year, and net profit
Sydney, manages more than after tax up 51 per cent to
3000 vehicles in Australia and $26.2 million.
This
compares
with
has more than 300 employer
clients with strong emphasis fellow novated leasing firm
McMillan Shakespeare Ltd at
on the corporate market.
Smartgroup, which has $389.6 million for the 2014clients including Santos and 2015 full year and net profit of
the Department of Defence, $67.5 million, up 22.7 per cent
also owns Webfleet (bought on the previous financial year.
In a statement, Smartgroup
in 2010), Australian Vehicle
Consultants (purchased in said Autopia was expected to
By NEIL DOWLING
contribute about $2.6 million
to the group’s earnings before
tax and about $1.2 million to
net profit after tax in the second
half of this calendar year.
Smartgroup CEO Deven
Billimoria said: “Autopia
is a well-managed business
and expands our novated
leasing capabilities into an
adjacent segment. We look
forward to working with the
Autopia team to leverage our
respective strengths.”
David Wakeley, CEO of
Autopia said: “We are looking
forward to working with the
Smartgroup team to continue
to deliver excellent results
for our customers. There is
a strong cultural fit between
Autopia and Smartgroup and
we are excited to be joining
Smartgroup.”
Many
of
KPMG’s
clients had now switched
to the logbook method of
calculating FBT liability.
The system was previously
ignored because it put the
onus on the driver who had
no real incentive to maintain
the logbook as the company
was paying the tax.
“It also requires fleet
managers to capture all the
operating costs for the vehicle
for an FBT year, which runs
from 1 April to 31 March,”
Mr Sofra said.
“But it (the electronic
logbook) completely reduces
your tax costs.
“And no longer does the
driver have to keep a paper
logbook. We’ve moved into
the electronic age and there
are a lot of plug and play
options,” he told the forum.
For how KPMG sees the in-and-outs
of FBT on cars, read more online
• Where the logbook system breaks even
• Resistance by drivers and unions
• How electronic logbooks work
• What information do they gather?
• Tracking FBT liability on parking
• Car parking fee data providers
• Savings in the tens of millions of dollars
READ MORE
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75 years of Jeep
Off-road icon battled war, multiple owners, erratic sales and ever-stringent road rules
By NEIL DOWLING
IT WAS on this day 75 years
ago that the US Government
handed the first contract
for a light all-wheel-drive
personnel carrier to small
Toledo, Ohio-based vehicle
maker Willys-Overland Motor
Company and since July 16,
1941, millions of Jeep-badged
n
vehicles have been produced.
More than 660,000 were
built during the Second
World War by Willys and coproducer Ford, evolving into
the Willys CJ (Civilian Jeep)
of 1945 with Willys ultimately
being granted the registered
trademark name in 1950.
The 1945 CJ may not be too
dissimilar in appearance to
today’s Jeep Wrangler, but the
company that started the civilian
love affair with off-roading is a
completely different matter.
Willys-Overland was sold to
Kaiser Motors in 1953, which
became Kaiser-Jeep in 1963.
American Motors Corporation
(AMC) then bought Kaiser’s
Jeep operations in 1970, allowing
AMC to share components with
its existing passenger-car range.
Renault bought a share of
AMC in 1979 as a pathway
to the US market but financial
troubles in France led to
AMC’s sale to Chrysler
Corporation in 1987.
Chrysler struck up its
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alliance
with
Daimler
AG in 1998 to create
DaimlerChrysler. In 2007,
the bitter divorce between the
Americans and Germans led
to a private equity company
buying Chrysler in 2007 and
operating as Chrysler Group
LLC with Jeep as a division.
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JEEP COMMERCIAL RANGE
JEEP WRANGLER
AUSTRALIAN SALES
1944
1944-1945
1945-1949
1949-1953
1953-1968
1954-1983
1955-1975
1997
2000
2015
2016YTD
CJ-1
CJ-2
CJ-2A
CJ-3A
CJ-3B
CJ-5
CJ-6
Chrysler,
along
with
General
Motors,
sought
US government financial
assistance during the 20082010 Global Financial Crisis.
In 2014, Fiat orchestrated
a buy-back and repaid the
government loan, absorbing
Chrysler to create Fiat
Chrysler Automobiles.
Meanwhile, the Jeep product
line has been more predictable
than its corporate lineage.
Since the war, all models
carry a seven-slot grille which
was a Willys trademark, while
1976-1986
CJ-7
1981-1985 CJ-8 Scrambler
1981-1985
CJ-10
1987-1995 Wrangler YJ
1997-2006 Wrangler TJ &
Unlimited
2007-2016 Wrangler JK &
Unlimited
the Ford Jeeps featured a nineslot grille.
The Jeep lineage, through
to the current Wrangler, has
always had the war-born
simplicity of a ladder-frame
construction, petrol engine
(diesel engines were an option
much later), a part-time fourwheel-drive system and live
rear axle.
The CJ-2A of 1945 was
simply the war Jeep with
modifications including better
headlights, seats and a tailgate.
In 1946, Willys made a Jeepderived station wagon and then
1458
702
2106
679
a single-cab ute version in 1947.
It deviated from the original
with the forward-control
variant in 1957, introduced the
Wagoneer – a precursor to the
Grand Cherokee – in 1963 and
another ute in 1963 called the
Gladiator. Jeep will introduce
a seven-seat Wagoneer model
in 2017 and a Gladiator-style
ute by 2018.
In Toledo, Ohio, this
weekend, thousands of Fiat
Chrysler workers will gather
for a private company picnic to
celebrate the birth of the brand
in the same town 75 years ago.
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Facebook boosts
Manheim audience and sales
Auction house uses social media to lift turnover and grow audiences
By NEIL DOWLING
LEADING automotive
auction house Manheim has
utilised Facebook to lift online
auction registrations by 55
per cent and help accelerate
users on its Simulcast online
auction system.
The company has about
150,000 people following
Manheim
auctions
on
Facebook an increase of 130
n
per cent from 12 months ago.
Manheim
Australia
spokesman Mathew McAuley
told GoAutoNews Premium:
“In the past four months alone
we have grown our followers
by 50 per cent, so we are still
maintaining good growth
rates with the use of engaging
content such as videos and
events.”
The results reflect how broad
industry sectors are profiting
from new concepts and how
social media offers one of the
fastest ways to capture a new
audience.
However, he said that
while it was easy to create a
Facebook page, it is not easy
to build and keep an engaged
audience.
“You need to publish
interesting
and
relevant
content that keeps your
followers engaged with your
brand and motivates them to
interact with you,” he said.
Manheim uses mainly
digital
advertising
for
auctions as well as SEO and
SEM activities.
“Facebook is an effective
way to reach a very large
audience and has the ability to
serve up different information
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to different people,” Mr
McAuley said.
“It allows us to target
specific audiences.”
Mr McAuley said the
number of people registering
online to be able to bid and
buy at auction increased 55
per cent in the first six months
of this year compared with the
same period in 2015.
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“While the launch of our
new Simulcast online auction
system – which allows people
to use tablets and smartphones
to bid and buy at auction
– has increased our online
registrations, we also know
Facebook has brought in new
users,” he said.
“When Facebook live was
launched, we used it to show
people how an auction works.
“One of the barriers to
people buying at auction is
the uncertainty and lack of
knowledge around how it
works. With Facebook live
we were able to show people
the live auction and give them
some insight into what it is like.
“We then followed it up
with another live video with
a more detailed explanation
of what happens here on the
Wednesday auctions.”
The latest live video reached
27,185 people and had 7921
views, 19 shares, 100 “likes”
and generated 16 comments.
Facebook actively promotes
the use of its services to
businesses
with
simple
instructions to create a
business page.
“We are always looking at
ways to make sure the right
people see our content, so we
can boost Facebook posts to
make sure they are seen by the
right people and target people
with certain interests,” Mr
McAuley said.
“We share information that
we know is of interest to our
audience so they will in turn
amplify our message by sharing
it with their social networks.”
Coles-Shell service stations go public
Petrol stations around Australia hit the stock market
By NEIL DOWLING
HUNDREDS of Coles
petrol stations will hit the
stock market next month
as Dutch property and fuel
business Vitol offers shares
in its $1.5 billion real estate
investment trust.
The float of Vitol’s
Viva Energy Real Estate
Investment Trust (REIT) and
its raising of $911 million
will be the second biggest
listing in Australia this year.
Viva Energy REIT opens
with 425 freehold service
station sites that are leased to
Vitol subsidiary, Viva Energy.
All sites operate under an
agreement between Viva and
Coles Express.
n
The share price of $2.20
gives the REIT a market
capitalisation of $1.5 billion
which analysts said represents
a yield of 5.94 per cent.
Coles and Viva entered the
agreement in 2013 to lease the
sites as Shell/Coles Express
until 2024. The agreement said
Viva would deliver the fuel
and maintain the properties.
But Coles challenged Viva’s
plans to list its properties
because it was concerned
about its lease arrangements.
The matter went to court
where Coles lost.
After the court hearing,
Coles said it remained
committed to the partnership
with Viva, strengthening the
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future of the REIT.
However, some analysts
warn that the future of service
stations could be affected by
the growth in alternativefuel vehicles and particularly
electric vehicles (EVs).
Viva’s interest in owning the
service stations is attractive
because of the high traffic
volume and the Coles alliance
that makes each station a
mini-supermarket.
Viva owner Vitol last year paid
$3 billion for Shell Australia's
businesses including the
Geelong Refinery and 870 retail
service stations, of which about
620 stations are leased by Coles
Express. Only 425 of those
sites form part of the REIT.
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16
GoAutoNews Premium
Competition to turn
a Vito van inside out
Mercedes-Benz launches Hack My Van competition
for small businesses and entrpreneurs
By NEIL DOWLING
MERCEDES-BENZ Vans
wants to tap into latent design
skills of small business operators
and other entrepreneurs by
calling on them to come up
with a design for the interior of
the Vito van in a competition
that can see the winner drive
away in a new van.
In an innovative strategy that
encourages strong physical
engagement of existing and
potential customers of the
Vito, competitors are being
asked to reimagine the interior
of the vehicle.
Mercedes-Benz
Vans’
Hack My Van competition is
calling for entries from small
businesses, entrepreneurs and
start-ups to develop their ideas.
Six teams will then be
selected to participate in Hack
My Van on Saturday, August 6
in Melbourne.
The teams will complete a
series of exercises. They will
be working alongside a team
from Mercedes-Benz Vans,
product experts and industrial
designers to bring their idea to
life by redesigning a Vito van in
an innovative and creative way.
The results will be judged by
a panel of entrepreneurs and
business leaders – including
n
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CONTENTS
Shane Delia (award winning
chef and restaurateur), Diane
Tarr (managing director
of Mercedes-Benz Vans
Australia and New Zealand),
and Jane Martino (advisor
to Unlockd & TRIBE, cofounder of Smiling Mind and
board member of LaunchVic).
They will select the winner
and award a new MercedesBenz Vito.
Ms Tarr said that MercedesBenz “believe that the
humble Vito has long been
underestimated and has simply
been used just to get a job done.
When we see a van however,
we see something different.
We see the potential inside.
“We are excited by the ideas
and possibilities for how the
Vito van can be reimagined to
transform an existing business,
or completely reinvented to
create new businesses.”
ENTRIES CLOSE AT
5PM ON 27 JULY 2016
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17
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CLICK HERE
Holden clips Magpies’ wings
CLICK HERE
Auctioneer settles sale
Another reason why
we are the global leaders
Multi-million dollar purchase of previously leased facility
By NEIL DOWLING
MANHEIM Australia and
New Zealand has committed
itself to its Moorebank NSW
auction site by purchasing the
property it has been leasing
for the past 22 years.
Manheim has been operating
from the 35,000 square metre
Moorebank property at 144
Moorebank Avenue since 1994.
Manheim CEO Campbell
Jones said the multi-million
dollar acquisition was a
sign that the company –
one of Australia’s largest
automotive and industrial
auctioneers – was continuing
n
its investment in Australia.
“The purchase of the site
at Moorebank reflects the
success of our business and our
commitment to our operations
in Sydney,” he said.
“The purchase gives us
certainty in our tenancy and
will allow us to invest in
upgrading our facility with a
strategic, long term view.”
Mr Campbell said that with
the continued investment of
Manheim’s parent company,
Cox Automotive, the company
would now look forward to
the site improvements.
Manheim
provides
auctioneering and logistics
services for a wide variety of
customers across the state.
The growing number of
vehicles, trucks, machinery
and other assets being
auctioned to increasingly
larger crowds every week has
been cited as the main reason
for the acquisition of the
property.
Manheim’s public vehicle
auctions attract more than 400
vehicles each week as well as
machinery auctions including
earthmoving
equipment,
trucks and trailers, buses and
farm machinery.
RealVal is Manheim’s online valuation and wholesale
stock management tool streamlining your auction
sales process.
• Accurate auction valuations based
on condition and specification of vehicles
• VIN Identification feature
• Send to auction process
• Integrated transport ordering
1300 REALVAL
www.realval.com.au
Book a demonstration
with your local Manheim
business manager.
manheim.com.au
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18
GoAutoNews Premium
GoAutoNews Premium
New Feature:
Micro & Light
Passenger Cars
Inspected
New resource from GoAutoNews Premium.
Is Australia’s micro & light passenger car
segment also its smallest in sales?
CLICK HERE
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19

Consolidation of global ute market

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