Manheim will be closing its Manheim Arena Illinois auction, a company spokesperson confirmed via email to Auto Remarketing on Tuesday.
The Chicago Tribune reported Monday that the closure would happen on Nov. 1.
In a statement sent to Auto Remarketing, parent company Cox Automotive said many of the employees at Manheim Arena Illinois, located in Bolingbrook, Ill., will have the chance to transfer to Manheim Chicago, which is located in Matteson, Ill.
“At Cox Automotive, we are continuously evaluating our operations to ensure that they are as efficient as possible for both our clients and our company,” the statement read. “To support this approach, we are closing our Manheim Arena Illinois operations and focusing our efforts on the continued growth and success of our nearby Manheim Chicago site.
“Our dedicated team members are among our most valued assets, and while many of them will be offered the opportunity to transfer to Manheim Chicago, those who will not, will have opportunities to apply for other positions within Cox for which they are qualified and will be offered a severance package based on their job level and years of service with the company.”
The company spokesperson said there are not any current plans for any other Manheim auction closures.
“However, Manheim continuously evaluates its operations to ensure they are as efficient as possible for our clients and the company,” the spokesperson said.
The spokesperson also said the closure of Manheim Arena Illinois is “not part of a broader Manheim/Cox Automotive reduction.”