Manheim, Toyota Financial Services Team Up to Launch Innovative Online Resource for Toyota and Lexus Dealers

Innovative Tool Combines Multiple Vehicle Inventory Sources Into One

Centralized Site

Oct 12, 2006, 01:00 ET from Toyota Financial Services

    ATLANTA, Oct. 12 /PRNewswire/ -- Manheim and Toyota Financial Services
 (TFS) today announced the launch of an integrated online remarketing
 resource designed to significantly improve how Toyota and Lexus dealers
 locate and purchase used Toyota and Lexus vehicles. This innovative, online
 product brings together multiple sales offerings -- including those from
 Manheim and other auction locations -- in one centralized location.
     "Building this product with TFS was meaningful because we both had just
 one goal in mind -- to improve dealers' profitability by giving them added
 choice, control and convenience," said Manheim vice president, national
 accounts, Peter Trench. "This innovative tool will immediately become a
 valuable resource for Toyota and Lexus dealers nationwide, and represents
 just one of the many collaborative efforts between Manheim and Toyota to
 deliver superior customer service."
     The "Toyota Financial Services Remarketing Portal" offers integrated
 online access to all Toyota, Lexus and Scion vehicles from available sales
 channels, including:
     *  Online Vehicle Exchange (OVE)
        --  OVE - TFS: Includes off-lease, company, and rental inventory
        --  OVE - Buyer's Choice: Includes Toyota and Lexus dealer inventory
     *  Manheim Simulcast
        --  Ability to participate online in live auction sales
     *  Dealer Direct
        --  Upstream sales channel for off-lease vehicles prior to entering
            the auction environment
     *  ADESA LiveBlock
        --  Ability to participate online in live auction sales
     *  ADESA DealerBlock
        --  Auction-based off-lease, company and rental inventory
     "Maintaining the proper used vehicle inventory is more important than
 ever for dealers, and our goal in developing this remarketing resource with
 Manheim was to give Toyota and Lexus dealers a powerful tool to locate and
 purchase the vehicles they need, no matter the source," said Carl Scandura,
 TFS National Remarketing Manager. "Working together with Manheim, Toyota is
 committed to developing quality products that help our dealers become more
     Other features of the site include the Dealer Message Center, which
 allows TFS to communicate with all dealers in one convenient place, a
 listing of all TFS sales at Manheim and ADESA auction locations, and an
 up-to-the-minute promotions page with information on everything from
 special buy fees to transportation assistance.
     Dealers can also access Manheim Market Report to view the latest price
 information on vehicles, and can use the site's search function to view all
 TFS vehicles available from any combination of inventory sources.
     About Manheim
     Manheim is the world's leading provider of automotive remarketing
 services. Through its wholesale auctions and array of technology products,
 Manheim impacts every stage of a used vehicle's life cycle, helping
 commercial sellers and automobile dealers realize the full value of their
     The company's auction services include reconditioning, certification,
 inspections, transport, title management and marshaling, among others.
 Manheim is also the leader in remarketing technology, using its online
 tools to connect buyers and sellers around the globe to the world's
 largest, most comprehensive wholesale automotive marketplace. In 2005,
 Manheim handled nearly 10 million used vehicles -- and sold more than 5
 million -- representing more than $50 billion in value.
     Manheim's subsidiary companies provide value-added remarketing products
 and services, including paintless dent removal (Dent Wizard (R)), Auto Body
 Repair, and salvage vehicle remarketing (Total Resource Auctions).
     A wholly owned subsidiary of Cox Enterprises, Atlanta-based Manheim is
 a global organization with 32,000 employees at its 139 U.S. and
 international locations. For more information, visit
     About Toyota Financial Services
     TFS is the finance and insurance brand for Toyota in the United States.
 TFS retail auto financing and leasing services are offered through
 dealerships and Toyota Motor Credit Corporation (TMCC) and extended service
 contracts and other vehicle and payment protection products are offered
 through the dealer and Toyota Motor Insurance Services (TMIS). Lexus
 Financial Services and Scion Solutions are also featured brands under the
 TFS umbrella of products and services. Scion Solutions is an umbrella
 finance and insurance product name created in June 2003 to support the
 launch of Scion.

SOURCE Toyota Financial Services