Manheim Acquires Indianapolis Auction Location from ABC

FOR IMMEDIATE RELEASE                                Contact:
Dave Chaney

June 30, 2006
McNeely Pigott & Fox

 
(615) 259-4000

 


MANHEIM ACQUIRES INDIANAPOLIS AUCTION LOCATION FROM ABC

Indiana Facility Third Purchase This Quarter

 

            ATLANTA - Manheim has purchased an Indianapolis, Ind.,
auction location from Auction Broadcasting Company, LLC (ABC), company
executives recently announced.

 

The 86-acre auction location, which was built about six years ago,
serves an extensive base of new and used car dealers across the Midwest,
and is also known for its large, indoor specialty sales including BMW
motorcycles and Honda powersports products.  The six-lane auction
location is capable of handling heavy duty trucks and is complete with a
full reconditioning facility.  

 

"The Indianapolis facility is in great shape, which will lead to a
smooth transition for Manheim and our customers," said Dean Eisner,
Manheim president and CEO.  "In addition to the new and used car dealer
business, specialty and truck sales are becoming a larger part of our
live auction business, and that was an attractive feature of this
particular location.  We will build on those strengths and customize the
facility with Manheim Simulcast in the lanes, wireless technology to
support condition reporting and other aspects of our operations, and the
complete Manheim operating systems and processes so that Indianapolis
operates at the same standards our customers expect at any Manheim
sale."

 

The acquisition is the third new auction location for Manheim in as many
months.  In May, Manheim announced the purchase of the Auction City Inc.
- Halifax auction in Halifax, Nova Scotia, which has been renamed
Manheim's Auction City - Halifax.  Also in May Manheim acquired
Southwest Florida Auto Auction in Fort Myers, Fla.

 

All of the roughly 140 employees at the Indianapolis auction location
are expected to join Manheim.  

 

With the addition of this Indianapolis facility, Manheim now has three
operating locations in Indiana, including Fort Wayne Vehicle Auction in
Fort Wayne and Louisville Auto Auction in Clarksville.  The company has
89 operating locations in North America. 


 


About Manheim


 

Manheim is the world's leading provider of automotive remarketing
services.  Through its live 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 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,
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.manheim.com.  

 

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