Manheim Index Quarterly Conference Call

1
Manheim Index Quarterly Conference Call

• 10/5/07

2
Credit Markets Begin to Stabilize
Commercial Paper Outstanding - Trillions of
Dollars
Source Federal Reserve Board
3
Job Growth Slows
Monthly Increase in Nonfarm Payrolls (in
thousands)

• Average monthly job gain
• 2005 212K
• 2006 189K
• First five months 2007 147K
• Last four months

Source Bureau of Labor Statistics
4
Jobless Claims Remain Low
Initial Jobless Claims - Four Week Moving
Average
Source Bureau of Labor Statistics
5
Crude Reaches New High
Source Oil Price Information Service
6
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

7
Manheim Used Vehicle Value Index
Manheim Used Vehicle Value Index - January
1995 100
Sept. 2007 115.8 3.5 y-o-y 0.6 Sept SA -0.9
Sept NSA 13.1 from 4/03
Source Manheim Consulting
8
Rental Program Units Sold at Auction Average
Price
Source Manheim Consulting
9
Rental Risk Units Sold at Auction Average Price
Source Manheim Consulting
10
Average Auction Price - Commercial Fleet Units
Source Manheim Consulting
11
Average Auction Price - Subprime Repossessions
Source Manheim Consulting