Cox Automotive has received a $130-million proposal from OPENLANE, Inc., a US operator of digital marketplaces for wholesale used vehicles, to acquire Cox Automotive’s Manheim Canada business.

The deal includes the Manheim Montreal facility and auction sales, operations and select staff across Manheim Canada.

In a press release on December 4, 2023, OPENLANE announced that Manheim Canada will be integrated into the existing OPENLANE Canada business upon deal completion.