MEDIA RELEASE PR36807
Insurers Commit to Manheim Arabia in the Gulf Cooperation Council
DUBAI, Oct. 28 /Medianet International-AsiaNet/ --
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® 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® 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.
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
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