Manheim's TRA Adds Three Locations in the Northeast

FOR IMMEDIATE RELEASE
Contact:           Chowning Johnson

July 5, 2006
McNeely Pigott & Fox

 
(615) 259-4000

 


MANHEIM'S TRA ADDS THREE LOCATIONS IN THE NORTHEAST

 

            ATLANTA - Manheim's Total Resource Auctions has established
a strong presence in the Northeast, adding three new TRA locations at
Baltimore-Washington Auto Exchange (BWAE), Newburgh Auto Auction in
Newburgh, N.Y., and Skyline Auto Auction in Fairfield, N.J.

 

BWAE held its first TRA sale on May 23 and has averaged 50 vehicles per
sale, with hopes to eventually increase sales up to 300 vehicles per
week.  The Baltimore-Washington Auto Exchange is centrally located to
serve customers in both Baltimore and Washington and is located off of
I-95 in Elkridge, Md. 

 

"TRA is a great business venture for us because we are well-positioned
to serve two very large cities with a large customer base," said Mark
Wanamaker, general manager of BWAE.  "We look forward to serving this
new client base, getting to know them and meeting their needs."

Sal Cuomo, assistant general manager at BWAE, will head up the TRA
department.  Cuomo has been with Manheim for more than 11 years and has
been with BWAE for almost two years.

BWAE TRA sales are held every Tuesday at 8:30 a.m. in a building
entirely devoted to the salvage vehicles.  The building is located off
the facility's main road with a special-access parking lot.  TRA BWAE
serves customers such as Ford, GM, Capitol One, Enterprise and Dollar
Thrifty and also offers dealer consignment vehicles.

 

            Newburgh Auto Auction will hold TRA sales every Wednesday at
9 a.m.  Newburgh runs 30 to 50 salvage units at each sale, but auction
general manager Joe Migneco expects sales to double over the next few
months.  TRA sales are housed at Newburgh's former 58-acre, eight-lane
auction location where approximately half of the facility is dedicated
to TRA.

 

            Newburgh's former location also houses rental companies and
insurance companies.  The goal is to make it a one-stop shop where units
may be taken to be appraised for damage, fixed in the body shop or
offered in a salvage sale.  Migneco said that the plan is for the
facility to house insurance companies, appraisers and rental agencies.

 

            "We are in a prime location to serve buyers and sellers in
the Tri-state area with our TRA services," Migneco said.  "The addition
of TRA completes a whole cycle of services for Newburgh, from Highline
sales to TRA sales." 

 

            Dawn Moss will be the TRA manager at Newburgh.  Prior to
joining Newburgh in January, Moss worked at ADESA Impact for more than
five years in many different capacities of the salvage auction business.


 

            Newburgh currently receives salvage units from Ford,
CitiFinancial, Enterprise, HSBC and M&T.  

 

            Skyline Auto Auction in Fairfield N.J., holds TRA sales
every other Thursday afternoon, averaging 110 units per sale, and has a
number of accounts on the horizon that will provide vehicles for the
sale.

 

            Tom Bergeron, with vast experience in operations management
and logistics, manages Skyline's TRA team. With its prime location 21
miles west of New York City and close proximity to the major airports,
ports and other transportation resources in the area, Skyline has become
a preferred stop for nationwide customers and international buyers. 

 

            "Skyline's addition of TRA sales will serve a great need for
our buyers and sellers and create a whole new market niche," said Austin
McBride, Skyline Auto Auction general manager.  "Providing salvage
vehicle sales to the Greater New York City area enables us to reach a
new base of customers."

 

            Skyline's TRA sales serve high volume sellers such as
Enterprise, Wheels, Dollar Rent-A-Car, Valley National Bank, fleet and
lease customers and an increasing number consignment dealers.

 

With the addition of BWAE, Newburgh Auto Auction and Skyline Auto
Auction, there are now a total of 25 TRA locations.

 

TRA allows buyers and sellers to securely exchange damaged, inoperative
and salvage vehicles through Manheim's TRA locations and Web-based
products, including Simulcast.  


 


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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