Manheim Australia Market Report Q2 2016 | Page 3

Introduction H ello and welcome to the Q2 edition of our Quarterly Australian Market Report. We bring you the just released news about the plan for CarsGuide, Dealer Solutions and Manheim to merge as part of Cox Automotive Australia. Firstly apologies for the delay in this report, however we have been holding off so we could bring you the just released news about the plan for CarsGuide, Dealer Solutions and Manheim to merge as part of Cox Automotive Australia. We have included this news as the very first story in this issue, reprinting the official press release which has just been distributed to the media. We also follow with our regular review of the Manheim used car market and the trends we have identified in our various sale segments. Our report wouldn’t be complete without providing you with some commentary and insight from within our business. This quarter we have a special report on the growth of online sales, especially since the introduction of our new Simulcast system. It also looks at digital marketing and role social media is playing in our growing online presence. As usual we also bring you news on how the new vehicle market is performing, with a wrap on how things are looking at the half way point of the year. We also bring you a report on the likely impact of the UK vehicle market post the Brexit vote as well as covering a global study which predicts up to 21 million autonomous vehicle sales by 2035. Lastly we bring you details of our purchase of the land our Moorebank facility is located on in Sydney. Like the news about Cox Automotive Australia, it is another example of our continued investment in the Australian market. The purchase gives us certainty in our tenancy and will allow us to invest in upgrading our facility with a strategic, long term view. Locally we look at the impact the recent election result is likely to have on the automotive industry, particularly in relation to the topic of parallel imports and repair information and data sharing. We hope you find this report informative and a valuable addition to the market intelligence you already receive. We welcome any feedback as our aim is to bring you information you find relevant and useful each and every quarter. Please feel free to let us know your thoughts at [email protected]. We also share a special report from GoAuto Premium, which outlines how fleets can save millions through the use of the latest technology. Q2 Mark Hankey Director of Sales, Manheim 3