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Manheim CyberLots Surpass Total 1998 Sales in Five Months

17 June 1999

Manheim CyberLots Surpass Total 1998 Sales in Five Months 
        Dealers Flock to Largest Online Source for Pre-owned Vehicles,
                Purchasing More than $200 Million in Inventory

    ATLANTA, June 17 --  Manheim Online(TM), the leader in auto-
related e-commerce and an extended service of Manheim Auctions, announced
today that CyberLot(R) sales for the first five months of 1999 have already
surpassed sales for all of 1998.  As of May 30, sales have topped 14,000
vehicles valued at $219 million, compared with last year's total sales of
12,440 vehicles valued at $217 million.  Manheim's cadre of tech managers,
based at each of the company's U.S. auction locations, play a key role in
educating dealers about using online commerce and other technology tools to
improve their business operations.

    Editor's Summary
    *  Manheim Online announced today sales from its CyberLots during the
       first five months of 1999 have surpassed total sales for 1998.
       Compared to last year's sales of 12,440 vehicles, as of May 30, year-
       to-date sales for 1999 have already topped 14,000 vehicles sold.
    *  CyberLots, Web-based collections of pre-owned vehicles offered to
       dealers by manufacturers, financial institutions and leasing companies,
       meet dealer needs for an easy-to-use, 24x7 complement to physical
       auctions.
    *  Manheim Online is diversifying CyberLots to include "open" lots that
       are accessible to any dealer, not just franchisees.
    *  The company's Tech Managers serve as a resource for dealers moving into
       online commerce and other technologies.

    CyberLots -- Web-based collections of pre-owned vehicles offered to
dealers by manufacturers, financial institutions and leasing companies --
have grown sharply in popularity because they meet dealer needs for an easy-
to-use, 24-hour channel to augment trips to physical vehicle auctions.
Further, Manheim Online has significantly expanded its offering in 1999 with
the addition of CyberLots for General Motors, First Union, and GE Capital Auto
Leasing.  The company plans to welcome Suzuki Credit later this month, for a
total of 26 CyberLots.
    "CyberLots are a prime example of the creative ways in which Manheim is
helping dealers use technology to sell more cars," said Dennis Berry,
president.  "The ability to purchase inventory online gives dealers tremendous
flexibility and convenience, and enables them to meet customer needs quickly.
We plan to continue adding new CyberLots and improving site features and
functionality for even greater vehicle selection and ease of use."

    Transitional CyberLots Benefit Independents
    One of the new site features that is expected to prove popular with
independent dealers is the transitional CyberLot.  Manufacturers such as GMAC
Canada have modified "closed" lots (accessible only by franchise dealers) to
make the site's inventory available to any dealer after a preliminary closed
period.  Further, independents can utilize several fully open CyberLots, which
have no closed period.
    "Transitional CyberLots will be a great addition to traditional inventory
purchasing," said Peter Drakulich, general manager, Wally's Auto.  "If I can't
attend a particular auction, need vehicles in-between auctions, or want to get
things done after hours, I know I can quickly go on the CyberLots to replenish
my inventory.  Manheim is like a silent partner in my business -- helping
increase profitability by teaching me how to use the latest technology."

    Tech Managers Build Dealer Comfort Level with Online Purchasing
    Manheim's Tech Manager program, implemented in late 1998, supports
CyberLots by providing an accessible technology resource for dealers who are
making the transition to online commerce.  Tech managers, who are based at
each Manheim auction location in the U.S., are readily available to give
dealers an overview of Web-based purchasing, explain how it works and show how
it can benefit their businesses.  As they incorporate the Internet into their
business practices, more and more dealers are choosing CyberLots for acquiring
new inventory.

    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 $36 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.