BMW Group Financial Services Partners with Manheim for Nationwide Distribution and Remarketing of Company Vehicles

100 percent of BMW of North America company vehicles to be sold via OVE.com and Manheim.com

Woodcliff Lake, NJ – BMW Group Financial Services has partnered with Manheim to distribute and remarket all company BMW and MINI vehicles originating out of BMW of North America’s Woodcliff Lake, N.J. headquarters. Now, BMW and MINI dealers from across the U.S. will have the opportunity to bid on inventory from this single pool, affording customers unprecedented access to high quality used BMWs and MINIs. All vehicles will be offered for sale via a closed OVE.com BMW seller group and through Manheim Simulcast online event sales, with transactions being handled by Manheim’s distribution center in Chestnut Ridge, N.Y.

"At BMW Group Financial Services, we are always looking for innovative ways to improve our service to our customers while improving our business processes at the same time,” said Randy Beil, General Manager Vehicle Sales, BMW Group Financial Services. "This remarketing program resulted from our close working relationship with Manheim, and from our joint efforts to generate remarketing efficiencies while maintaining high-quality service and support.”

With the national reach of Manheim Simulcast and OVE.com, BMW Group will be able to immediately sell company vehicles turned in at any Manheim location, eliminating the time and expense associated with physically transporting the vehicles to other markets. “The new vehicle turn process will allow buyers in regional markets where demand is greatest to purchase the vehicles they need. It’s a win-win solution that leverages Manheim’s technologies while increasing our efficiencies,” added Beil. “We look forward to expanding this program to our other facilities in North America later this year.”

“Manheim prides itself on offering online solutions that help customers like BMW Group increase efficiencies while saving time and money,” said Nick Peluso, Manheim’s Senior Vice President of Customer Management. “We value the relationship we’ve built over the years with BMW Group and are honored to have been selected to facilitate this critical operation for them.”

Among the activities and services taking place at the dedicated distribution center:
• BMW Group employees drop off their existing company vehicles and receive their new vehicles
• Pre-delivery inspection is performed on all vehicles delivered to BMW Group employees
• InSight Electronic Condition Report with AutoGrade is conducted on all vehicles
• Company vehicles being taken out of service are inspected, reconditioned, photographed and listed for sale via OVE.com or bid-sale to franchised BMW and MINI dealers
• Safety, warranty and software updates are conducted
Being selected to facilitate BMW Group’s company car process is the latest in a series of working initiatives between BMW Group and Manheim.

Posted 2/8/2010