TN AUTO AUCTION NAMED AUCTION OF THE YEAR BY REGIONAL ACCEPTANCE CORP.

FOR IMMEDIATE RELEASE
Contact:           Chowning Johnson

May 31, 2006
McNeely Pigott & Fox

 
(615) 259-4000

 


TENNESSEE AUTO AUCTION NAMED AUCTION OF THE YEAR 

BY REGIONAL ACCEPTANCE CORP.

 

NASHVILLE, Tenn. - Manheim's Tennessee Auto Auction was named the 2005
Auction of the Year by Regional Acceptance Corp., it was announced
today.

 

Regional Acceptance is a national automotive finance company with branch
locations in 16 states. This is the first year Regional Acceptance has
given the award.  

 

"We are honored to receive Regional Acceptance's first Auction of the
Year Award," said Robin Treadway, general manager at Tennessee Auto
Auction.  "We look forward to continuing to serve Regional Acceptance
with the best quality service we can provide."

 

Tennessee Auto Auction is one of 10 auctions and two remarketing firms
in the country that sell repossessed and recovered vehicles for Regional
Acceptance.  In 2005, Tennessee Auto Auction sold more than 800
repossessed vehicles for Regional Acceptance.

 

"In today's auction market one of the most important factors is
recapturing a high percentage of vehicles in need of repossession," said
Neil Boardman, Regional Acceptance assistant vice president of recovery
and remarketing.  "It is rare to find an auction that is able to combine
high recapture percentages with the type of quality service that
Tennessee Auto Auction provides."  

 


Regional Acceptance based the award on a range of statistics and
percentages as well as the overall service that auctions provided.

 


About Manheim 


 

Manheim is the world's leading provider of automotive remarketing
services.  Through its wholesale auctions and array of technology
products, Manheim impacts every stage of a used vehicle's life cycle,
helping commercial sellers and automobile dealers realize the full value
of their vehicles.  

 

The company's auction services include reconditioning, certification,
inspections, dealer financing, transport, title management and
marshaling, among others.  Manheim is also the leader in remarketing
technology, using its online tools to connect buyers and sellers around
the globe to the world's largest, most comprehensive wholesale
marketplace.  In 2005, Manheim handled nearly 10 million used vehicles -
and sold more than 5 million - representing more than $50 billion in
value.

 

Manheim's subsidiary companies provide value-added remarketing products
and services, including paintless dent removal (Dent Wizard), Auto Body
Repair, and salvage vehicle remarketing (Total Resource Auctions).  

 

            A wholly owned subsidiary of Cox Enterprises, Atlanta-based
Manheim is a global organization with 32,000 employees at its 139 U.S.
and international locations.  For more information, visit
www.manheimauctions.com.  

 

 

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