Manheim Index Quarterly Conference Call

1
Manheim Index Quarterly Conference Call

• January 8, 2008

2
Manheim Used Vehicle Value Index
STEPS

• All Manheim U.S. sales (5 million annually)
• Classify by market segment
• Account for shifts in mileage
• Weight to provide unchanging mix
• Seasonally adjust

3
Manheim Used Vehicle Value Index
Manheim Used Vehicle Value Index - January
1995 100
Dec 2007 110.2 -2.9 y-o-y -2.2 Dec SA 7.6
from 4/03 -4.8 from 9/07
Source Manheim Consulting
4
Manheim Used Vehicle Value Index
Year-over-year change by market class -
December 2007
Source Manheim Consulting
5
New Vehicle Sales Into Rental by Month
Source Bobit Business Media
6
New Vehicles Sold Into Rental by Model Year
Source Bobit Business Media Manheim Consulting
7
Rental Program Units Sold at Auction Average
Price
Source Manheim Consulting
8
Rental Risk Units Sold at Auction Average Price
Source Manheim Consulting
9
Off-lease Volumes Millions of Units
Source Manheim Consulting
10
Repossessions Rise to Highest Level Since 2003
Source Manheim Consulting
11
Average Auction Price - Subprime Repossessions
Source Manheim Consulting
12
Commercial Government Fleet Purchases Exceed
One Million for Second Consecutive Year
Source Bobit Business Media
13
Average Auction Price - Midsize Fleet Car
Source Manheim Consulting
14
Dealer Consignment as of Total Auction Volume
Source NAAA Manheim Consulting estimate for
2007
15
Age Distribution of Dealer Consignment Sales at
Auction
Source Manheim Consulting