Cox Automotive has agreed to acquire BSC America's Bel Air and Tallahassee Auto Auctions, expanding its presence in the wholesale automotive market.

Information on the Target

Cox Automotive has announced its intent to acquire BSC America (BSC), focusing on its two auto auction locations: the Bel Air Auto Auction near Baltimore, Maryland, and the Tallahassee Auto Auction in Tallahassee, Florida. This strategic acquisition is anticipated to be finalized within the next few weeks. Upon completion, these two auctions will integrate into Cox Automotive's Manheim brand, which operates as the largest wholesale marketplace in the industry. Manheim's extensive network encompasses over 80 auction sites across the United States and spans more than 6,500 acres.

The Bel Air Auto Auction, a flagship operation for BSC America, has an impressive history, having been established 78 years ago. This auction, alongside the Tallahassee Auto Auction, manages consignments from a range of sources, including new and used car dealerships, private fleet owners, and governmental agencies. They offer a diverse portfolio of automotive services, including digital sales, transportation, reconditioning, and storage.

Industry Overview in the Target’s Specific Country

The automotive auction industry in the United States is undergoing significant changes, driven by technological advancements and shifting consumer preferences. With the growth of online sales platforms and the increasing integration of digi