History

History

Background

Manheim was established in 1945 as a wholesale vehicle auction operation.

With 20,000 employees in 122 operating locations around the globe, Manheim is the world’s leading provider of vehicle remarketing services. Manheim registers nearly 7 million used vehicles annually and facilitates transactions representing almost $46 billion in value.

A subsidiary of Atlanta-based Cox Enterprises, Manheim is transforming the wholesale vehicle buying and selling experience through investments in technology and innovative products and services. Manheim markets Simulcast, Simulcast Everywhere, OVE.com, NextGear Capital, Total Resource Auctions, Manheim Frontline, Ready Auto Transport, Manheim Consulting and other respected brands to the remarketing industry in 11 countries, including Australia, Turkey and the United Kingdom.

Manheim has set the industry standard for buying and selling used vehicles at live auctions and online. Manheim brings together qualified sellers and volume buyers of used vehicles that include automotive dealerships, banks, car rental agencies, car manufacturers and government agencies. Manheim offers its customers a reliable and secure market in which to purchase a variety of vehicles and services that no other remarketing provider can match.

Manheim cares about its employees, the environment and the communities it serves. From fundraising drives to tutoring kids after school to supporting long-term conservation efforts, Manheim and its employees are dedicated to protecting the environment and giving back to their communities.

History
1945
  • First Manheim auto auction, Manheim, PA
1959
  • Manheim, PA, becomes world's largest auto auction
1965
  • Purchases National Auto Dealers Exchange, Bordentown, NJ
1967
  • Purchases Fredericksburg Auto Auction, Fredericksburg, VA
1968
  • Cox Enterprises acquires Manheim; moves headquarters to Atlanta, GA
1983
  • Manheim acquires Toronto Auto Auction, Milton, Ontario
1989
  • Grows to 25 auctions nationwide
1991
  • Merges with General Electric Capital Corp.; grows to 46 auctions
1994
  • First ever live satellite auction
1996
  • Manheim first in industry to give dealers online access via the Web to auction inventories, sale calendars, and market information
  • Manheim opens industry's first CyberLot, Lexus Direct
  • First Used Car Market Report introduced
1997
  • Acquires Greater Auction Group; first international venture in UK
  • Manheim Online launches, named one of Top 10 e-commerce sites by PC Week
1998
  • Manheim Market Report now downloadable to dealers' PCs
1999
  • Acquires Dent Wizard
  • Opens auctions in France, Australia, New Zealand, and 5 more in US
  • AutoTrader.com, world's largest used car shopping site, debuts
2000
  • Forms Manheim Interactive. Acquires 20 ADT automotive auctions
2001
  • Manheim introduces the Used Vehicle Value Index
  • Implements Best Practices Program
2002
  • Manheim holds its first Simulcast sale
  • myAccount debuts, enables dealers to conduct most business transactions with the auctions online and in real time 24/7
2003
  • By year end, 65,000 dealers enrolled and using Manheim Online
  • Industry's first "cinema" sales in Atlanta and Seattle
  • First auction in Thailand
  • Manheim Market Report now accessible by PDAs, offers real-time pricing "in the lanes on sale day"
  • Mobile auction sale of 9,200 hail-damaged vehicles at Nissan's Smryna, TN, assembly plant
2004
  • Online Vehicle Exchange is launched
  • Manheim DRIVE Center opens
2005
  • Introduced Total Resources Auctions salvage subsidiary
  • Debut of Manheim Specialty Auctions
2006
  • Acquires Southwest Florida, Nova Scotia, and Auction City Halifax
  • Launched China operations
  • Manheim acquires Auction City Halifax, Nova Scotia
2007
  • Manheim opens its largest auction reconditioning center at Manheim Pennsylvania
  • World's largest vehicle auto auction receives DuPont Award for environmental achievements
  • Manheim establishes The Wholesale Institute online workshops for dealers
  • Manheim announces further expansion in Canada
  • Manheim acquires Auction City, Moncton, New Brunswick
2008
  • Manheim launches first ever operations in Turkey
  • Manheim Total Resource Auctions announces major expansion in salvage industry
  • Cox Enterprises and Manheim turn on Water Conservation Center at Manheim Georgia in Atlanta
  • Opening of 70,000 square foot facility in Montreal, Quebec
  • Opening of new Manheim Canada corporate office in Mississauga, Ontario
2009
  • Manheim reaches 3 million online transactions
  • Launches first ever Mid-Year Used Car Market Report
  • Manheim honored among AARP's "Best Employers for Workers Over 50" for second consecutive year
  • Manheim enters joint venture with leading exporter ExportTrader.com
2010
  • Manheim Market Report becomes available on mobile devices
  • Manheim launches Manheim Direct
  • OVE.com signs its 100th Independent Auction Partner
  • Manheim Introduces One-Stop Customer Care with 1-866-MANHEIM
2011
  • Manheim launches Simulcast Everywhere
  • Mobile site reaches its two millionth user
  • BMW and Manheim partner to open new company car center and Manheim Greer Distribution and Vehicle Processing Center
2012
  • Manheim purchases Dealer Services Corporation
  • Manheim purchases Ready Auto Transport
  • Simulcast becomes available for Mac computers
  • Manheim celebrates the 10th anniversary of Simulcast
2013
  • Cox Enterprises names Sanford Schwartz president of Manheim and AutoTrader
  • Manheim creates joint venture with DriveTime, forms Go Auto Exchange
  • Manheim opens new California Service Center at Manheim Riverside
  • Manheim expands footprint in Canada
2014
  • Cox Enterprise announces formation of Cox Automotive
  • Named Janet Barnard President of Manheim North America
  • Manheim signs agreement to purchase stake in Go Financial, supports dealer access to financing options via NextGear Capital
  • Manheim purchases majority stake in Brazilian CarBizz
  • Manheim creates first-ever onsite auction lane for Hendrick Automotive