Manheim Purchases Ready Auto Transport

Acquisition Provides Customers with a Simple and Efficient Way to Transport Cars Into and Out of the Manheim Marketplace

ATLANTA, GA – December 17, 2012 – (Motor Sports Newswire) – Reinforcing its commitment to continuously enhance the vehicle buying and selling experience for customers, Manheim has purchased Ready Auto Transport, a leading, nationwide transportation company offering full and self-managed solutions. This new partnership offers marketplace customers a seamless, integrated transport solution with access to a highly-qualified carrier network of trusted transporters.

Manheim Ready Auto Transport

“Combining Ready Auto Transport’s full and self-managed transport options with Manheim’s extensive used car marketplace creates an unrivaled, end-to-end solution for customers to manage their vehicle inventory needs,” said Janet Barnard, Manheim executive vice president and chief operating officer. “Ready Auto Transport has been a longtime partner of Manheim, and this acquisition, led by Senior Vice President of Product Development, Joe George, is a natural extension of our business.”

“We are thrilled to join the Manheim team,” said Mark Jensen, Ready Auto Transport president. “Manheim’s 106 operating locations and strong digital presence combined with our transportation industry leadership allow us to offer customers a robust, comprehensive solution that gives them even more options to manage their vehicle inventory across in-lane and digital channels.”

With this purchase, Manheim also acquires 1Dispatch.com, a self-managed auto transportation platform that connects shippers and carriers around the country. For increased efficiency, vehicle information from OVE.com and Simulcast Everywhere purchases is immediately available to transporters via 1Dispatch.com, which makes it easier for customers to ship inventory using a provider of their preference.

Ready Auto Transport will continue to operate as an independent business from its headquarters in Mesa, Ariz. The Ready Auto Transport management team will remain in place, with Jensen reporting to George as group vice president of Ready Auto Transport. Mike McNamara, Manheim vice president of business development, will act as Manheim’s liaison to Ready Auto Transport, managing the day-to-day business affairs.

This acquisition strategically expands the Manheim marketplace into the transportation arena, providing customers with a one-stop-shop to buy, manage, sell and ship their vehicle inventory. It is an example of the company’s industry leadership and ongoing commitment to innovative solutions that make it easier for customers to do business anytime, anywhere and in any way they choose.

About Manheim (www.manheim.com)

Manheim is the world’s leading provider of vehicle remarketing services. Through its 106 worldwide wholesale operating locations and digital services, Manheim influences every stage of a used vehicle’s life cycle, helping commercial sellers and automobile dealers maximize the full value of their vehicles. Drawing from its auction transaction volume, Manheim Consulting publishes the annual Used Car Market Report, the definitive source of data for the used car industry. Manheim Consulting offers a wide range of services including custom analytics, business optimization and macro economic analysis.

Manheim is the online vehicle remarketing leader, connecting buyers and sellers to the world’s largest, most comprehensive wholesale marketplace through its extensive in-lane and digital offerings. Manheim.com receives nearly 900,000 visits each week.

Additionally, Manheim offers services including reconditioning, certification, inspections, dealer financing, title management and marshaling, among others. Through its wide array of services and technologies, industry publications, customer support and educational offerings, Manheim gives its customers maximum control over how they buy and sell vehicles, helping them to conduct business in the most efficient way possible. Worldwide, the company handles nearly 8 million used vehicles annually, facilitating transactions worth more than $50 billion in value.

Headquartered in Atlanta, Manheim is a subsidiary of Cox Enterprises, a leading communications, media and automotive services company.

About Ready Auto Transport

Ready Auto Transport is a national leader in the auto transportation industry, offering full-service transportation solutions for dealers, wholesale online auctions, physical auctions, institutional shippers, and consumers. Headquartered in Mesa, Ariz., Ready Auto Transport has served more than 18,000 satisfied customers across multiple markets with a highly qualified carrier network of over 30,000 trucks. Ready’s centralized service is backed by an experienced sales and operations staff, and a 24/7 Dealer Portal, providing instant firm quotes and real-time tracking of vehicle status. For more information and to get instant quotes, visit www.readyat.com, or call (877) 558-3205.

For further information: Lois Rossi, 678-645-2028

Manheim Auctions logo

####