FIRST National Group achieved a 94% conversion rate and overall CAP clean of 102% at a sale held at Manheim Auctions' Bristol site. The auction, which saw more than £2 million worth of stock sold, included 400 cars from First National Vehicle Holdings, Highway Vehicle Management, Fleet Management Services and First National Motor Finance.

The sale was held in order to promote the First National brand to Manheim account holders and the First National Motor Finance dealer network. Gary Xuereb, divisional director of remarketing at First National Vehicle Holdings, said: 'With more than 300 buyers registered and 400 vehicles on offer we witnessed a very competitive bidding environment. The average sale price was also strong and supported the business requirements of both the First National funded dealers and account holders of Manheim Auctions.'