MANHEIM AUTOMOTIVE FINANCIAL SERVICES TO EXPAND

FOR IMMEDIATE RELEASE                        Contact:           Jennifer
Poston

September 25, 2006
McNeely Pigott & Fox

 
(615) 259-4000

 


MANHEIM AUTOMOTIVE FINANCIAL SERVICES TO EXPAND 

First Satellite Location Opens in Jacksonville, Florida

 

ATLANTA - Manheim Automotive Financial Services (MAFS), in conjunction
with Manheim's Orlando Orange County Auto Auction, today announced the
opening of its first satellite office in Jacksonville, Fla.  This
first-of-its-kind location will provide dealers with all the services
that traditional auction locations offer, including on-site staffing,
diverse financial options, and access to online services.  

 

"It's important to be near your customers.  The new satellite location
offers valuable services to customers while giving them added
convenience and choices," said Tony Markese, Manheim's Orlando Orange
County Auto Auction general manager.

 

MAFS services include inventory financing for automobiles, big trucks,
motorcycles, and recreational vehicles as well as rental car financing
and dealer receivables. MAFS customers also benefit from savings
associated with Manheim's group property insurance plan.  More than
15,000 dealers use MAFS.  

 

MAFS and other Manheim services were previously housed inside auction
locations. Manheim decided to develop the satellite office to better
serve its customers while bringing services to dealers in areas where
Manheim does not have an auction.

 

            After research, Jacksonville was chosen as an ideal location
for the first satellite office. According to Markese, there are 387
Jacksonville-based dealers who are unable to take advantage of MAFS
because the closest Manheim operating location is in Daytona Beach, more
than 100 miles away. 

 

            "Manheim is expanding its presence in order to better serve
its customers," said Ken Harvey, regional director of sales for MAFS.
"This growth will help us position ourselves to be more competitive."

 

            The satellite office will feature computer work stations and
ongoing training sessions. Dealers will be able to access Manheim
Simulcast, Online Vehicle Exchange, and other Manheim products.  The
Jacksonville satellite office also plans to accept payments for vehicles
purchased at other Manheim auctions, making it more convenient for
dealers. 

 

The Jacksonville office will employ an office manager, Tamara Porter,
and a salesperson, Jennifer Fiore. Manheim is currently developing other
satellite locations to better serve its customers.

 


 


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.manheim.com.  

 

###

 

 

Jennifer Poston 
McNeely Pigott & Fox
615-259-4000
jposton@mpf.com