Manheim Expands Presence in Portugal with Lisbon Facility

FOR IMMEDIATE RELEASE                    CONTACT:    Andrea Mills

November 8, 2007
McNeely Pigott & Fox

 
(615) 259-4000

 

MANHEIM EXPANDS PRESENCE IN PORTUGAL 

WITH LISBON FACILITY 

Manheim Portugal Sells 90 Percent of Units Offered by GE at Grand
Opening Sale

 

ATLANTA - Manheim Portugal recently expanded its services to customers
with the opening of a new facility in Lisbon, the country's largest
city. The grand opening was celebrated with a sale that featured 750
vehicles and attracted 700 buyers. 

 

"The Lisbon team did a terrific job pulling together an unbelievable
event," said John Bailey, Manheim CEO, UK and Europe. "Dealers lined up
outside the facility 30 minutes before the sale opened, and they were
still coming through the doors three hours after the sale began. We're
pleased that our new location is quickly meeting the needs of our
customers."

 

The sale was held Oct. 30 and featured units from GE, Leaseplan and
other consignors. A total of 400 vehicles were sold, including 90
percent of the 200 units offered by GE.

 

Manheim Portugal's Lisbon facility is 324,000 square feet and equipped
with two lanes. 

     

Manheim will host sales every Tuesday at 10:30 a.m. at the Lisbon
facility. 

 

About Manheim 

 

            Manheim is the world's leading provider of vehicle
remarketing services.  Through its wholesale operating locations 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 operating location services include
reconditioning, certification, inspections, dealer financing, transport,
title management and marshaling, among others. Manheim is also the
leader in vehicle remarketing technology, using its online tools to
connect buyers and sellers around the globe to the world's largest, most
comprehensive wholesale marketplace. In 2006, Manheim handled nearly 10
million used vehicles, 

facilitating transactions representing more than $58 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).

 

            Manheim is a subsidiary of Atlanta-based Cox Enterprises
Inc., one of the nation's leading media companies and providers of
automotive services.

 

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