SAN ANTONIO – Frost & Sullivan has recognized Manheim with the 2006 Vehicle Remarketing Client Value Enhancement Award for its innovation in technology and focus on providing outstanding customer service.

The award was presented at the Frost & Sullivan 2006 Growth Excellence Awards Banquet, which honored Manheim and a select group of other companies and individuals for demonstrating leadership and executing innovative and successful business strategies in a highly competitive global marketplace.

Specifically, Manheim was honored for its industry leadership in such areas as Web Simulcast Auctions, Online Vehicle Exchange, and manheim.com, enabling customers to participate remotely in any Manheim auction because of a one-stop access approach.

Manheim was honored for its technology innovation in a number of service areas, including:

  • Simulcast – Manheim’s real-time remote bidding product brings the live auction to its buyers and sellers. Simulcast allows dealers to participate in auction sales remotely by providing real-time audio and video of the live auction. Dealers can bid and purchase vehicles as though they were standing in the auction lane.

  • Online Vehicle Exchange (OVE) – Manheim’s electronic hub, where dealers and consignors can buy and sell 24/7 from anywhere they can connect to the Internet.

  • Immediate auction access – customers can participate remotely in any Manheim auction because of a one-stop access approach. When customers visit manheim.com and verify their dealer information, they receive access to all online sales where they can begin bidding on vehicles immediately.

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