Manheim Auctions

Automobile auction company

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Manheim, Inc.

Company type| Subsidiary of Cox Automotive
Industry| Automotive
Founded| 1945 (1945)[1]
Headquarters|

Atlanta, Georgia

Number of locations

| 145
Parent| Cox Enterprises
(Cox Automotive)
Website| www.manheim.com

Manheim, Inc. is an automobile auction company, a subsidiary of Cox Automotive, a subsidiary of privately owned Cox Enterprises, Inc. based in Atlanta, Georgia. Manheim's primary business is wholesaling vehicles. Other services include financing, title work, and repairs.[2]

## History

[edit]

### Early history

[edit]

The company was formed by five partners (Arthur F. Walters, Ben Mellinger, Jake Ruhl, Paul H. Stern, and Robert Schreiber)[3] in 1945 in a decrepit building on seven acres just south of Manheim, Pennsylvania as Manheim Auto Auction, Inc. The first sale offered three cars and sold one to the general public.[4] In 1947 it became a dealer-only enterprise, making Manheim the largest auto exchange in 1959.[4]

By 1966 Manheim Auto Auction was the world's volume leader,[5] selling off 45 vehicles per hour or 700 cars/trucks on a given Friday night at the 16-laned auction. In 1965 Manheim Auto Auction purchased the National Auto Dealers Exchange in Bordentown, New Jersey, and in 1967 it purchased the Fredericksburg Auto Exchange in Fredericksburg, Virginia.[4]

### Manheim joins Cox Enterprises

[edit]

Cox Enterprises entered the auto auction business in 1968, when it purchased Manheim Auto Auction in Manheim, Pennsylvania.[4] Under Cox, Manheim continued to expand by providing vital services, such as reconditioning, recovery, and auto hauling, to both dealership and wholesalers. By the end of the 20th century, the Manheim Auto Auctions had advanced its sales by adding information technology (online sales). Today, Cox Enterprises owns 98% of Auto Trader, one of the world’s leading providers of online and print automotive consumer information.[6]

### Notable acquisitions

[edit]

In 2006, Manheim became interested in Akinvest Inc.[7] This Canadian company started off as a business that speculated on world automobile values in 1991. The owner, Andrei Kouznetsov, developed a new concept that allowed a foreign dealer to have Akinvest perform all of the necessary procedures to have vehicles delivered to the port nearest to that buyer. By 2005 Akinvest, doing business as Exporttrader was completely developed the service aspects of the business that assisted non-North American dealers. The organization became known as the leader in the export of used cars field from North America. All of the major remarketing companies such as Copart, IAA, ADESA, Carfax and Manheim had foreign transactions that were completed by Akinvest/Exporttrader.[8][9]

The strength of the procedures used was enhanced by superior programming and automated Web Sites, retaining enormous banks of data. Export Trader/Akinvest negotiated for new export programs and procedures with the governments of Canada and United States and was consulted numerous times by International law enforcement on global irregularities. Exporttrader was consulted by marketing firms and journals like the Wall Street Journal.[10][11] to give opinions on global automotive trade and were asked to speak at international conferences.[12] In 2008 Akinvest/Export Trader had 70 employees with offices in Toronto,[13] Moscow[14] and Finland.[15] "Akinvest is the parent company of two of the leading players in the export business: Freightmar International and ExportTrader.com.[16]

The agreement was signed in January 2009 for a staged buyout of Akinvest/ Export Trader transforming the entire organization under the name WES Exporttrader.[17] The final stage of the transfer to Manheim occurred in late 2014. Subsequently, in April 2015, Manheim has closed the Canadian offices of WES Exporttrader and moved the operation to Atlanta. They now run "all new "Global Trader"[18] out of Atlanta. Near the end of March 2016, Manheim Global Export was sold, but it had too many debts and eventually declared bankruptcy.

## References

[edit]

1. ^ LaReau, Jamie L. (1 July 2018). "Detroit's used‑car stock market: What most buyers don't know". Detroit Free Press. Retrieved 19 June 2025.
2. ^ https://www.manheim.com/about/ (retrieved 13 Feb. 2016)
3. ^ Dinger, Ed. "Manheim". Encyclopedia.com. Retrieved 19 June 2025.
4. ^ a b c d "The Beginnings of Two Auto Auctions," Wally Koster; Retrieved (13 Feb. 2016)
5. ^ Peluso, Nick (13 November 2017). "COMMENTARY: Manheim + NAAA, history in the making, marked by innovation". Auto Remarketing. Retrieved 19 June 2025.
6. ^ "Cox buys back 25 percent stake in AutoTrader". Automotive News. January 3, 2014.
7. ^ "AKINVEST INC, Mississauga, Ontario". www.companylisting.ca.
8. ^ "Copart Announces International Buyer Assistance Agreement with Akinvest". www.businesswire.com. 30 June 2005.
9. ^ Staff. "Carfax and Akinvest Inc. Join IARA". www.vehicleremarket.com.
10. ^ Taylor, Edward (12 June 2008). "Europeans Go to U.S. Dealers To Buy Cars From Home". Wall Street Journal.
11. ^ Connors, Will (18 January 2011). "In Nigeria, Used Cars Are a Road to Status". Wall Street Journal – via www.wsj.com.
12. ^ "Manheim ExportTrader.com Strikes Deal with Japanese Auction Company". Auto Remarketing. 3 December 2010.
13. ^ "Akinvest Inc". panjiva.com. Archived from the original on August 12, 2017. Retrieved August 6, 2015.
14. ^ ""АКИНВЕСТ ИНК." (КАНАДА) Г.МОСКВА, ПРЕДСТАВИТЕЛЬСТВО КОРПОРАЦИИ , Москва, ИНН 9909218709". www.b2bsky.ru.
15. ^ http://www.tks.ru/forum/search.php?searchid=3930086[dead link]
16. ^ "Manheim ExportTrader.com - Complete profile - Canadian Company Capabilities - Industries and Business - Industry Canada". Archived from the original on 2015-09-24. Retrieved 2015-08-06.
17. ^ "Manheim enters joint venture with Leading vehicle exporter akinvest". Manheim North America, Inc. News Room.
18. ^ "GlobalTrader". Archived from the original on 2015-08-10. Retrieved 2015-08-06.

## External links

[edit]

* Official website

* v
* t
* e

Cox Enterprises

Daily newspapers|

* The Atlanta Journal-Constitution
* Dayton Daily News
* Journal-News
* The Springfield News-Sun

Cox Media Group 1|

* v
* t
* e

Cox Media Group

Owned by Apollo Global Management (71%) and Cox Enterprises (29%)

Radio|

* KCYY
* KISS-FM
* KJSR
* KKYX
* KONO
* KONO-FM
* KRAV-FM
* KRMG
* KRMG-FM
* KSMG
* KTKX
* KWEN
* WALR-FM
* WAPE-FM
* WBAB
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* WCFB
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* WEDR
* WEZI
* WFEZ
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* WGAU
* WGMG
* WHFM
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* WSB
* WSB-FM
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* WSRV
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* WWKA
* WWRM
* WXGL
* WXKT
* WZLR

Television|

ABC
WFTV
WSB-TV
WSOC-TV
CBS
KIRO-TV
WHIO-TV
WJAX-TV**
Fox
KLSR-TV
WFOX-TV
WFXT
MyNetworkTV
KEVU-CD
NBC
WPXI
Telemundo
KIRO-TV .4
WSOC-TV .2
WFOX-TV .4
Independent
WAXN-TV
WRDQ

Cable|

* Pittsburgh Cable News Channel

Defunct|

* Miami Valley Channel

Acquisitions|

* Newport Television
* Northwest Broadcasting
* Standard Media (cancelled)

** Owned by a third party and operated by Cox Media Group.

Cox Communications|

| Cable channels|

* NewsWatch 15
* YurView
* Arizona
* California
* Louisiana
* Oklahoma

|

Cox Automotive|

* Autotrader.com (98%) (Kelley Blue Book)
* CarsGuide
* Manheim Auctions

Former assets|

* Cox Sports Television
* Cox Sports
* Kudzu.com
* San Diego Cable Sports Network
* Valpak

* 1 Cox Enterprises holds a 29% stake in the Cox Media Group.

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