Manheim's Aloha Auto Auction Hosts Chinese Auto Dealers

ATLANTA - Manheim's Aloha Auto Auction in Honolulu, Hawaii, recently hosted a delegation from the Chinese Automobile Dealers Association (CADA). It was their first visit to a U.S. auto auction.

Thirteen members of CADA, including Fan Ganping, vice president of Shanghai International Commodity Auction Co., Ltd. and Manheim's joint venture partner in China, observed a live auction featuring consignments from Ford Credit, VW Credit, DaimlerChrysler, Hertz Rent A Car, Alamo Rent A Car and AmeriCredit. Following the auction, Aloha Auto Auction general manager Dewey Hess took the group of on a tour of the auction facilities.

"As Manheim expands its operations into China, it is important to develop partnerships with the Chinese dealer industry," Hess said. "This visit by CADA was a great opportunity for us to begin to build those relationships."

Through the aid of a translator, Hess discussed the U.S. wholesale auto auction process with Ganping. CADA members had inquired about U.S. practices such as fee structures, the block ticket process and the importance of reconditioning.

Manheim recently opened its first auction facility in China when the Manheim Guo Pai Auction in Shanghai held its first sale on Sept. 20. The state-of-the-art facility will celebrate its official grand opening with a ceremony and sale on Nov. 29.

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).