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Re: None

Saturday, 12/01/2007 12:57:40 PM

Saturday, December 01, 2007 12:57:40 PM

Post# of 85214
Heres more great info about Manheim, which is NOT a public company. AUCI is the only company that took the next step to go public. This is an enormous market, $350 billion a year.

Nearly 10 million used vehicles were sold through auctions last year, according to Manheim Auctions, Atlanta--the largest of such companies. About half those were sold by dealers--usually cars they took as trade-ins but didn't want to sell as used cars themselves. Some 16% came from rental fleets putting newer cars into service, 13% from returns at the end of individual leases and 11% from repossessions--with a few other sources accounting for the balance.