Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Manheim Automotive Financial Services (MAFS) Announces New Vice President

October 25, 2006 - Press Release

Manheim recently named Jeff Bunch vice president of sales and operations for Manheim Automotive Financial Services (MAFS). Bunch, who begins his new position with 21 years of experience in the automotive industry, is responsible for overseeing national sales efforts for all MAFS products, field operations at all operating locations, and the independent auction program. Bunch and his team will be responsible for managing $2 billion in line availability in addition to monitoring outstanding credit lines. Bunch will report to Kathy Decker, vice president and general manager of MAFS. "As we continue to increase the presence of MAFS, it is important that we have experienced professionals leading our team," Decker said. "Jeff's knowledge of the automotive industry, his experience with Manheim, and his sales and service skills will make him a valuable asset to his customer base." Bunch joined MAFS almost 10 years ago as a credit analyst. Bunch also served as national credit manager before moving to his most recent role as national director of sales. Prior to joining MAFS, Bunch served as the general manager of a new car store in Canton, Ga., for 12 years. Bunch earned his bachelors of administration degree in business management from Mercer University. About Manheim Automotive Financial Services (MAFS)
Manheim Automotive Financial Services enables dealers to maximize their inventory dollars by providing floorplan financing, offering retail, wholesale and rental financing plans. MAFS serves more than 15,000 dealers, providing $2 billion in available credit lines. For more information, visit www.usemafs.com or call (877) USE-MAFS.About Manheim
Manheim is the world's leading provider of automotive remarketing services. Through its wholesale auctions 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 auction services include reconditioning, certification, inspections, dealer financing, transport, title management and marshaling, among others. Manheim is also the leader in remarketing technology, using its online tools to connect buyers and sellers around the globe to the world's largest, most comprehensive wholesale marketplace. In 2005, Manheim handled nearly 10 million used vehicles - and sold more than 5 million - representing more than $50 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). A wholly owned subsidiary of Cox Enterprises, Atlanta-based Manheim is a global organization with 32,000 employees at its 139 U.S. and international locations. For more information, visit www.manheim.com.
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