03/03/2014, Fountain Valley, CA.

HYUNDAI NAMES MANHEIM RIVERSIDE AUCTION OF THE YEAR


New location steps up to win this Prestigious Award

FOUNTAIN VALLEY, Calif., March 3, 2014 – Hyundai Motor America has named Manheim Riverside as its 2013 Auction of the Year. The annual award is presented to the best performing auction in terms of sales values, customer service, dealer satisfaction, quality, and overall performance. Hyundai began remarketing vehicles at Manheim Riverside in 2012 and it is the first time a west coast auction has won this prestigious award.

"We appreciate our partnership with Manheim Riverside and its outstanding management team," said Gary Knapp, senior group manager, Fleet & Remarketing, Hyundai Motor America. "With sales volume in our Western Region continuing to increase, we felt it was time to open another auction location in order to better serve dealers on the West Coast. The staff at Manheim Riverside has stepped up and consistently puts forth great effort while making sure our dealers always feel welcome. Riverside provides outstanding service and keeps our dealers engaged and interested in returning month after month. Congratulations to GM Chris Brown and his team for a great year."

"It is truly an honor to receive this prestigious award," said Chris Brown, general manager of Manheim Riverside. "We are proud of our long-term partnership with Hyundai Motor America, which is very important to everyone at Manheim Riverside. We value the personal connections with the Hyundai dealer body and HMA corporate team, and are proud of the results we have achieved together."

Manheim Riverside's closed Hyundai auctions provide dealers with high quality, low mileage vehicles that often make their way through Hyundai's certified pre-owned program (CPO). Hyundai's fast-growing CPO program has been named best CPO program by Intellichoice three years running.

MANHEIM (www.manheim.com)

Manheim is the leading global provider of vehicle remarketing services, connecting buyers and sellers of used vehicles to the largest wholesale used-vehicle marketplace. The company helps dealer and commercial customers achieve results by providing physical and digital auction channels, data analysis, financing, transportation and mobile products and solutions. Manheim pioneered in-lane vehicle auctions and has been an innovator in both digital and mobile auction platforms. Manheim registers nearly 8 million used vehicles annually, facilitating transactions representing more than $50 billion in value. Manheim’s research and consulting arm, Manheim Consulting, provides industry-leading market intelligence and publishes the widely recognized annual Used Car Market Report. The company offers dealer financing though NextGear Capital, Inc., and transportation services through Ready Auto Transport. Headquartered in Atlanta, Manheim has more than 20,000 employees in 107 worldwide sites and generates annual revenues of more than $2.5 billion. A subsidiary of Cox Enterprises, Manheim participates in "Go Green with Manheim," the company’s sustainability program.

HYUNDAI MOTOR AMERICA

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 820 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle limited warranty, Hyundai’s 10-year/100,000-mile powertrain limited warranty, and five years of complimentary Roadside Assistance. Hyundai Assurance includes Assurance Connected Care that provides owners of Hyundai models equipped with the Hyundai Blue Link telematics system with proactive safety and car care services, complimentary for three years. These services include Automatic Collision Notification, Enhanced Roadside Assistance, Vehicle Diagnostic Alert, Monthly Vehicle Health Report and in-vehicle service scheduling.

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