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Manheim Online Quadruples Cars Sold on its CyberLots

30 March 1999

Manheim Online Quadruples Cars Sold on its CyberLots 
          Jump in Sales Reflects Company's Technology Education and
    Support Programs for Dealers; 1999 Sales Expected to Top $500 Million

    ATLANTA, March 30 -- Manheim Online(TM) (MOL), the leader
in auto-related electronic commerce and an extended service of Manheim
Auctions, today announced the number of used cars sold on its Web-based
CyberLots(TM) in the first three months of 1999 has nearly quadrupled compared
to the same period in 1998, increasing from 1,658 to 6,351 vehicles.  Further,
the total value of cars sold rose from $31 million to more than $100 million,
and is expected to reach a 1999 year-end total of $500 million.  This rapid
growth is due in large part to Manheim's efforts to foster a higher level of
comfort with online purchasing among dealers who select pre-owned inventory
from CyberLots.  Manheim has initiated an array of education and support
programs, including placing Technology Managers at all auction sites, to help
dealers use technology to sell more vehicles and increase profitability.

    Editor's Summary

    * Manheim Online today reported a four-fold increase in the number of cars
      sold on its CyberLots during the first quarter of 1999 versus the same
      period in 1998.

    * Total value of cars sold in Q1 rose from $31 million in 1998 to more
      than $100 million in 1999, and is expected to total $500 million by
      year-end.

    * Due in large part to Manheim's proactive technology education and
      support efforts, dealers are increasingly turning to the Internet to
      augment inventory purchases at traditional auctions.

    "Manheim's goal is helping dealers become comfortable using Internet
technology to sell more cars," said Dennis Berry, CEO of Manheim Auctions.
"All our programs and services are simple and easy to use, and are backed with
excellent support.  We've made a $50 million investment to date in technology
tools and training for dealers, and it's paying off in increased use of
CyberLots, the AutoConnect(SM) site and other offerings.  We're continuing to
anticipate dealer needs with new programs.  For example, our MOL portal that
centralizes access to Manheim services and tools was snapped up by
1,000 dealers in the first week."

    New CyberLots
    During Q4 of 1998 and Q1 of 1999, MOL added six CyberLots to its Web site,
bringing the total to date to 24.  The new additions are:

    * GE Capital Auto Lease

    * Nissan

    * Infiniti

    * GM/GMAC US

    * GMAC Canada

    * Subaru Leasing Corp.

    "We use Manheim CyberLots every day, and have purchased dozens of cars,"
said John Hanson of Hanson Pontiac & GMC in New Hamburg, Ontario.  "We've even
pre-sold some cars by having the customer sit down at the computer.  CyberLots
offer our dealership a number of benefits, including the ability to restock
inventory as we need it, rather than having to wait for a weekly or monthly
auction.  Also, Manheim is scrupulous about describing any flaws accurately,
so we can buy with confidence.  Using CyberLots has been a very good
experience."
    Manheim offers a wide range of programs and services to familiarize
dealers with the Internet and help them integrate technology into their
overall business strategies and operations.  One of the most popular is the
Technology Manager program, which provides dealers with ready access to a
knowledgeable technical expert at each Manheim auction site.  Feedback from
dealers indicates Tech managers are playing an instrumental role in industry
adoption of Internet marketing, online purchasing and software management
tools.

    About Manheim Online
    Manheim Online, an extended service of Manheim Auctions, is the world
leader in auto-related electronic commerce.  Manheim Online has been named one
of the top 10 electronic commerce sites on the World Wide Web by PC Week
magazine.  Additional information regarding Manheim Online and Manheim
Auctions is available on the Internet at http://www.manheim.com .

    About Manheim Auctions
    Founded in 1945, Manheim Auctions, Inc., (http://www.manheim.com ) is the world's
largest operator of wholesale automobile auctions with 85 locations in North
America, the United Kingdom and France.  In 1998, Manheim offered for sale
more than 6.5 million vehicles.  The actual value of vehicles sold was in
excess of $35 billion.  Manheim is a leader in automotive Internet commerce as
a supplier of web sites and transaction services to auto remarketers.  In
1998, the value of vehicles sold via Manheim's wholesale CyberLots totaled
more than $216 million.  Manheim also provides vehicle reconditioning and
certification, an Internet-based vehicle value guide, dealer floor plan
financing, dealer business software and government auction services.  Manheim
is a partner with the Dealer Services Division of Automatic Data Processing
(ADP), offering free Internet used car listings to dealers and consumers via
AutoConnect, the world's largest source of used car classified advertising
(http://www.autoconnect.com ).
    Manheim is a subsidiary of Cox Enterprises, Inc.  In addition to Manheim,
Cox includes Cox Newspapers, Inc., Cox Broadcasting, Inc., and publicly traded
Cox Communications, Inc. and Cox Radio, Inc. .  Cox
Enterprises also provides online news, information and entertainment services
via the Internet through Cox Interactive Media.
    Manheim Auctions and Manheim Online are either registered trademarks or
trademarks of Cox Enterprises in the United States and/or other countries.