Cox Automotive secures Volvo Car Financial Services defleet and remarketing contract

Cox Automotive has secured a new multi-service contract with Volvo Car Financial Services UK to deliver an integrated vehicle defleet and remarketing solution, achieving strong results in the first two months of the partnership.

The agreement brings together several areas of Cox Automotive’s business, including vehicle inspection, collection, refurbishment and remarketing, with the aim of improving operational efficiency, reducing costs and accelerating vehicle sales.

Under the contract, Manheim will manage the inspection, collection and refurbishment of ex-contract hire vehicles, while Dealer Auction will handle their remarketing to Volvo’s network of more than 90 franchised retailers across the UK.

The Dealer Auction platform will also provide buyers with access to integrated market intelligence, including Autotrader’s Retail Rating and days-to-sell insights, alongside CAP vehicle valuations.

The partnership has already delivered improvements in remarketing performance, with more than 500 vehicles sold during the first two months of the agreement.

Over the same period, the average time vehicles spent onsite fell by 47.8% compared with the equivalent period in 2025.

The measure tracks the number of days between a vehicle arriving at and departing from MVS Wyton, providing an indication of the efficiency of the defleet process.

Jake Stoodley, Remarketing Manager at Volvo Car Financial Services UK, said: “We were looking for a partner who could work alongside us to define a new, seamless solution for our disposals.

“Bringing together inspection, collection, refurbishment and remarketing solutions under the same roof made partnering with Cox Automotive the clear choice.”

He added: “The partnership has already delivered standout early results and we’re looking forward to continuing this collaboration to optimise performance and maximise returns throughout the lifecycle of our vehicles.”

The agreement is designed to simplify Volvo Car Financial Services UK’s vehicle disposal operations by bringing multiple services together within a single connected process.

By combining vehicle preparation with digital remarketing and market data, the partnership aims to improve stock turnaround times and support more informed purchasing decisions among retailers.

Sam Panayides, Sales Director at Cox Automotive Europe, said: “This agreement demonstrates the potential of a connected defleet strategy.

“By combining the expertise of Manheim and Dealer Auction, we’re delivering a streamlined solution that improves Volvo Car Financial Services UK’s operational efficiency, reduces costs and accelerates speed to market.”

The contract will see young, low-mileage Volvo vehicles offered through the Dealer Auction platform, with stock available to all authorised buyers.

The partnership reflects the increasing focus among automotive finance providers on improving vehicle disposal efficiency and maximising residual value through integrated remarketing services.