Insurers Commit to Manheim Arabia in the Gulf Cooperation Council

DUBAI, United Arab Emirates -

In a major step forward for salvage remarketing in the GCC, a number of major insurers and corporate clients have selected Manheim Arabia to remarket their insurance salvage vehicles. Following an exhaustive review of salvage remarketing across the region, Manheim Arabia has invested locally to expand its specialised automotive operations and better meet the needs of the industry.

“We are delighted that major insurers and corporate clients will partner with Manheim Arabia for the delivery of their remarketing needs across the GCC. By managing the auction of automotive write offs on a web based remarketing platform, we are delivering industry leading service via world class technologies on behalf of important clients,” said David Grey, Director of Salvage for Manheim Arabia.

The Manheim Bid Now(R) system is 100% internet based, allowing registered bidders from any country or location to bid on salvage vehicles listed for auction. Delivering internet based solutions to buyers and sellers means insurers can remarket salvage vehicles on a global basis. Using Manheim Arabia’s world-class website (www.manheimarabia.com) will provide buyers with greater opportunities to bid in salvage auctions, without regard for borders or time zones allowing them to use an easy and convenient method that they haven’t had before.

The Manheim Bid Now(R) system also operates across Australia, New Zealand and Thailand and the transition into Arabic means that it can now be used by an even greater volume of bidders throughout the Gulf region.

A fast track start for the new system means it will be up and running by mid November and will bring to the region the latest internet remarketing technologies which will benefit both clients and buyers.

“Auctions of wrecked vehicles are the predominant method of remarketing across the globe and we are excited that Manheim Arabia can now provide this service to insurers across the GCC,” continued Grey. “We manage 85,000 salvage units per annum (representing over 375 million dirham’s) on behalf of industry in Australasia and Thailand and this significant step into the Gulf States enables insurers to engage global buyers without added transport costs or internal management processes.”

About Manheim

Manheim Arabia FZ LLC is part of the Manheim group of companies and benefits from belonging to an organisation with over 60 years of remarketing experience. Manheim Arabia can support customers in the region with all their used vehicle remarketing needs and can offer tailor made remarketing solutions.

Globally, Manheim has 135 operating locations in 19 countries and in 2009 will handle some twelve million vehicles facilitating transactions worth an estimated 60 billion dollars.

www.manheimarabia.com

For further information please contact: Steve Jackson Manheim Arabia FZ LLC Telephone +971-4-375-2751 Mobile +971-50-651-1935 Email steve.jackson@manheimarabia.com

Source: Manheim Arabia

Steve Jackson of Manheim Arabia FZ LLC, +971-4-375-2751, Mobile, +971-50-651-1935, steve.jackson at manheimarabia.com