Manheim Opens First Four-lane Operating Location in Europe

FOR IMMEDIATE RELEASE                    CONTACT:    Andrea Mills

November 16, 2007
McNeely Pigott & Fox

 
(615) 259-4000

 

MANHEIM OPENS FIRST FOUR-LANE OPERATING LOCATION IN EUROPE

Manheim Colchester Celebrates New Multilane Auction with Week of Mega
Sales

 

ATLANTA - Manheim opened the first four-lane operating location in
Europe on Nov. 6 at its Manheim Colchester, England, facility. To
celebrate the grand opening, Manheim Colchester hosted six sales that
together featured more than 3,000 units, the most vehicles ever offered
by a U.K. operating location in a single week.

 

"We want to take both the vendor and buyer auction experiences to a new
level, and the launch week could not have gone better," said John
Bailey, CEO, Manheim, U.K. and Europe. "We have solidified Colchester's
position as Europe's most prestigious operating location in terms of
both volume of vehicles offered and the ease with which our buyer and
vendor customers can do business. As a single source of vehicles for the
U.K.'s top buyers, there simply is no other facility like this in
Europe."

 

The grand-opening celebration began with a launch sale that featured
more than 1,000 vehicles and attracted 580 prospective buyers. Other
sales were held throughout the week, including the world's largest van
auction on Nov. 7. More than 700 light commercial vehicles direct from
the U.K.'s leading fleets, leasing companies and motor manufacturers
were featured. 

 

The new facility, part of a multimillion-dollar investment at Manheim
Colchester, will allow vendors to sell their vehicles in less time and
provide a more efficient auction process for buyers. The four-lane
facility enables Manheim to offer twice as many vehicles to buyers
during prime selling times. At 52 acres, Manheim Colchester is the
largest operating location in Europe, and the addition of the new
facility increases its throughput capacity to more than 170,000 vehicles
per year.

 

"The successful launch of this multilane facility has set the standard
for the rest of the U.K. auction industry," said Chris Cush, general
manager of Manheim Colchester. "With the new development now complete
and fully operational, we can look forward to creating more local
employment opportunities and a reputation for Colchester as the home of
auction innovation."

  

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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