Cox Automotive has signed an agreement with BSC America (BSC) indicating the intent to acquire its Bel Air Auto Auction near Baltimore, Maryland and Tallahassee Auto Auction in Tallahassee, Florida.
The agreement is expected to close in the coming weeks, joining Cox Automotive’s Manheim brand. Manheim has more than 80 auctions across the U.S.
“For decades, we have worked closely with the BSC team as friendly competitors and partners, and today, we are excited to welcome them into the Cox Automotive family,” said Grace Huang, president of Cox Automotive Inventory Solutions.
Bel Air Auto Auction and Tallahassee Auto Auction handle consignments from new and used car dealers, private business fleets and public service and government agencies and provide a wide range of auto-related services, including floor planning, storage, transportation, digital sales, reconditioning and more. The flagship auction of BSC America, Bel Air Auto Auction has been in business for 78 years.
“While we knew the time was right for our family to shift our business focus, it was deeply important to us that our auctions were set up for continued success and growth,” said R. Charles Nichols, President, BSC America. “With Cox Automotive’s continued commitment to — and investment in — its wholesale business, along with our shared values as family-owned companies, we are confident in the bright future ahead for our Bel Air and Tallahassee locations.”
