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Peluso Named Senior Vice President of Sales

September 11, 2002

Nick Peluso has been named senior vice president of sales for Manheim Auctions. He reports to Jamie Porter, senior vice president of operations. Peluso will relocate to Atlanta.

"Nick is a valuable resource to all of us at Manheim. His industry knowledge, especially on the sales side, is unmatched in the industry," said Porter. "It will be great to have him join the executive team in Atlanta."

Peluso will continue to play an important role at Remarketing Solutions as a member of the newly created Advisory Board. In addition to Peluso, Advisory Board members are: Dean Eisner, president and chief executive officer; Darryll Ceccoli, chief operating officer; David Nutter, vice president of Allied Services and Jamie Porter.

"Remarketing Solutions has shown tremendous growth in each segment of its business," said Peluso. "We will continue to build on that momentum. We have been looking for a day-to-day operations manager of the business for more than a year. When that position is filled, all the elements will be in place for continued growth."

"The recent integration of the Manheim Interactive and Government Services sales teams and the natural growth of the department made it clear that we need someone with the experience of Nick leading our efforts," said Porter. "Nick's expertise will strengthen our consolidated sales strategy and enable us to better serve all of our customers." Michael Lasini, vice president of sales, and Chuck Novince, vice president of special operations/DaimlerChrysler, will report to Peluso.

Peluso joined Manheim as part of the ADT Automotive acquisition in October 2000. Prior to that, he was vice president of sales and marketing. He joined ADT Automotive in May 1990 as regional director of sales. He began his career at Cenval Leasing of Walnut Creek, CA.

About Manheim Auctions

Manheim Auctions offers services that impact every stage of a used vehicle’s life cycle. These include transaction, reconditioning and certification services, managed remarketing, end-of-lease-term management services, vehicle transportation, dealer floor planning, retail inspection and government auction services. The company also assists auto manufacturers, fleet and lease companies, banks, and other financial institutions in selling their used vehicle inventories.

A wholly owned subsidiary of Cox Enterprises, Inc., Manheim Auctions has more than 32,000 employees at its 124 auctions and related businesses. Manheim is a global remarketing organization with 85 auctions in North America and additional operations in France, the United Kingdom, Australia and New Zealand. In the year 2001 the company says it auctioned more than 9.5 million vehicles at its North American auctions.

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