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NewsSeptember 7, 2005

Carfax and AutoTrader.com Form Partnership

FAIRFAX, VA – Carfax and AutoTrader.com are entering into a new partnership. The two companies are joining forces to help used-car buyers and sellers make better decisions by improving online used-car listings.

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NewsSeptember 7, 2005

Flexco Fleet Services Launches New Employee Sales Portal

WESTERVILLE, OHIO - Flexco Fleet Services has launched its new employee sales portal, a Web-based vehicle remarketing site for their clients' employees. The employee sales site provides employees a list of vehicle inventory that is available for purchase at locations throughout the country.

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NewsSeptember 7, 2005

DriveTime Used-Car Dealership Donates $100,000 to Help Hurricane Katrina Victims

PHOENIX – DriveTime, a used-car sales and finance company, made a $100,000 donation to the American Red Cross in Phoenix to help the millions of people affected by Hurricane Katrina in Louisiana, Mississippi, and Alabama.

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NewsSeptember 7, 2005

July Index Shows Third Consecutive Falling Month

ATLANTA – As employee-pricing programs for new vehicles spread in July, so, too, did the weakness in used-vehicle values. The Manheim Used Vehicle Value Index, which measures wholesale prices on a mix, mileage and seasonally adjusted basis, fell in July for the third consecutive month and at a faster rate than in either May or June.

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NewsSeptember 7, 2005

NAFRD Past Presidents Set Sights for 2006 and Beyond

SMYRNA, TN - With a nod to the past and renewed vision for the future, current and former leaders of the National Association of Fleet Resale Dealers (NAFRD) recently met in Las Vegas to set a fresh course.

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NewsSeptember 7, 2005

Manheim Establishes Hurricane Helpline for Employees

ATLANTA – Manheim has established a toll-free helpline for its employees in Florida, Louisiana, and Mississippi who have been impacted by Hurricane Katrina.

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NewsSeptember 7, 2005

CU Remarketing Services to Donate $25 Per Vehicle Processed to Hurricane Katrina Victims

RANCHO CUCAMONGA, CA – CU Remarketing Services will donate $25 per vehicle processed to the relief victims of Hurricane Katrina during the next two months. All donations will be made on behalf of Credit Union clients. Americans across the nation are contributing to the most catastrophic natural disaster to hit this nation.

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NewsSeptember 7, 2005

IARA Roundtable Meeting Attendees Provide Feedback

MT. ARLINGTON, NJ - The International Automotive Remarketers Alliance (IARA) announced that the feedback assessments from the recent IARA Roundtable Meeting held July 27-29 in Atlanta and at the Manheim DRIVE Center have been compiled.

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NewsSeptember 1, 2005

National Credit Union Remarketing Conference to Help Credit Unions Utilize Key Remarketing Tools

RANCHO CUCAMONGA, CA – CU Direct Corp., provider of Credit Union Direct Lending (CUDL) and DecisionApp, a point-of-sale and indirect lending platform for U.S. credit unions, Manheim, and Manheim subsidiary Remarketing Solutions, will host the first-ever National Credit Union Remarketing Conference.

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NewsSeptember 1, 2005

CarMax Completes New Credit Facility

RICHMOND, VA – CarMax, Inc. has closed a new revolving credit facility providing for aggregate borrowings of up to $450 million. The new facility has a four- year term and is secured by the company's vehicle inventory.

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