General Motors Sells 10-Millionth Used Vehicle At Auction

GM Sponsored Auctions Achieves Milestone at Manheim's Arena Auto Auction

DETROIT - General Motors today reached a company landmark with the sale of the 10-millionth GM remarketed vehicle at auction. The vehicle was sold today at Manheim's Arena Auto Auction in Bolingbrook, Illinois.

"This is a milestone that speaks to the contributions all of our auction venues have made over the past two decades," said Jeff Heichel, Director, GM Used Vehicle Activities. "It's fitting that we reach this landmark at Manheim's Arena Auto Auction, one of our first auction partners. The Arena team and all of our GM Sponsored Auctions understand that vehicle remarketing is about providing outstanding service and value to our dealers, encompassing everything from the receipt of the vehicles to reconditioning and repairs to the presentation of the vehicles in the sale lanes."

GM has been a major participant in the growth of the auction industry over the last two decades. In 1983 GM used 10 auctions with sales of nearly 20,000 vehicles. Today GM redistributes used, off-lease and off-rent vehicles through GM dealers, with the help of 45 GM Sponsored Auctions in the continental United States. This provides value not only for GM but also provides a source that makes available high-quality used vehicles for GM dealers.

Since its first GM auction in March 1984, Manheim's Arena Auto Auction has sold more than 450,000 GM used vehicles. Today's auction featured 1,000 GM used cars and trucks.

"Arena Auto Auction is honored to be the venue that sold GM's 10-millionth used vehicle at auction," said Jimmy Compton, General Manager, Manheim's Arena Auto Auction. "We've always had an excellent relationship with GM, pioneering new programs and processes to maximize resale value. The 10-millionth GM used vehicle sold at auction is a tribute to the dedication and hard work of the GM Remarketing staff and the auction industry."