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Manheim Expands Footprint in Canada

Creates Partnership with Source Auto Auction to
Serve Customers in Edmonton, Alberta

ATLANTA – Reinforcing its commitment to the Canadian marketplace, Manheim Canada has signed a partnership agreement with Source Auto Auction, a newly-created auction facility in Edmonton, Alberta. Source Auto Auction is owned by Danny Fayad, an experienced automotive industry professional and entrepreneur. This location – that will be Manheim’s first venture into Western Canada – is planned to open in May.

“Our customers told us that establishing a presence in Western Canada would provide them with better access to our products, services and inventory,” said Tim Janego, regional vice president, east. “This partnership supports Manheim Canada’s efforts to enhance its experience for customers while making it easier for them to conduct business.”

“We are thrilled to be partnering with Manheim, as we both share a strong customer focus,” said Danny Fayad, who will lead the operation as chief executive officer (CEO). “Combining our convenient location, great staff and state-of-the-art facility, with all the resources and technology that Manheim brings, gives our customers advantages they can’t come close to anywhere else.”

The Source Auto Auction management team will consist of owner Danny Fayad, and general manager Darcia Cuff, who brings 30 years of remarketing and auction industry leadership experience to the location. Fayad and Cuff will work closely with Manheim Canada’s four other operating locations, as well as Manheim’s Pacific Operations team, led by market vice president Julie Picard, to integrate Manheim’s products, services and best practices into their operations.

“This terrific news comes on the heels of our recently expanded relationship with Ford in Canada,” said Mike McKinney, regional vice president, west. “It’s exciting to offer our customers new and different options to equip them to grow their business and better compete.”

About Manheim Canada

Manheim has been serving Canadian wholesale vehicle buyers and sellers for almost 30 years. Headquartered in Mississauga, Ontario, Manheim Canada has four operating locations and hosts more than 40 in-lane and online auctions each month. Manheim Canada is part of Manheim (www.manheim.com), the world's leading provider of vehicle remarketing services. Through its wholesale operating locations and array of technology products, Manheim impacts every stage of a used vehicle's life cycle, helping commercial sellers and automobile dealers maximize the full value of their vehicles.

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 online offerings. Manheim.com receives nearly 900,000 visits each week.

Additionally, Manheim offers services including reconditioning, certification, inspections, dealer financing, registration 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, facilitating transactions worth more than $50 billion in value.


NAAA Posted 4/25/2013