MANHEIM CELEBRATES OFFICIAL GRAND OPENING IN SHENZHEN

PHOTOS ATTACHED FROM GRAND OPENING CELEBRATION AT MANHEIM'S NEW
OPERATING LOCATION IN SHENZHEN, CHINA, ON JAN. 18, 2007. 
 
 

 

FOR IMMEDIATE RELEASE                    CONTACT:    Andrew Maraniss

January 24, 2007
McNeely Pigott & Fox

            (615) 259-4000

 

MANHEIM CELEBRATES OFFICIAL GRAND OPENING IN SHENZHEN

Second Operating Location Opens in China

 

            ATLANTA - Manheim officially celebrated the grand opening of
its Manheim China Merchants Group operating location in Shenzhen, China
on Jan. 18. The event was marked by a VIP reception and dinner and a
wholesale vehicle auction.

 

            The facility, which is a joint venture with China Merchants
Group, held its first sale on December 15.  The grand opening sale last
week featured more than 60 vehicles and was attended by a crowd of more
than 150.  The event marks a second major milestone for Manheim in
China; Manheim's Guopai facility in Shanghai, China opened in September.


 

The Shenzhen event provided the opportunity to invite community and
business leaders to the facility and commemorate the joint partnership
between Manheim and China Merchants Group. China Merchants Group has a
variety of businesses including banking, shipping, hotels and logistics
throughout China.

 

"We're delighted to unveil Manheim's second state-of-the-art remarketing
facility in China," said Neville Green, vice president, Manheim China.
"Our team is excited about working with our Chinese partners to bring
the wholesale auction experience to southern China."

 

"We are extremely proud to partner with China Merchants Group," said
Dean Eisner, Manheim president and chief executive officer.  "China
Merchants Group is a respected and successful industry leader in China,
with well established relationships and expertise in diverse business
areas including shipping, finance, and real estate. We could not have
asked for a better partner to help us develop and grow the wholesale
auto market in China."

 

            In addition to China, Manheim currently operates outside of
the United States in Canada, Australia, the United Kingdom, Germany, New
Zealand, Spain, Thailand, France, Portugal, and South Africa.

 

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 141 U.S. and
international locations. For more information, visit www.manheim.com
<http://www.manheim.com/> .

 

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Andrew Maraniss
McNeely Pigott & Fox Public Relations
611 Commerce St.
Suite 2800
Nashville, TN 37203

615-259-4000
615-259-4040 (fax)