Manheim Index Quarterly Conference Call

1
Manheim Index Quarterly Conference Call

• 4/7/08

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
March 2008 107.7 -5.6 y-o-y -0.4 Mar SA 5.2
from 4/03 -7.0 from 9/07
Source Manheim Consulting
SA seasonally adjusted
4
Jobless Claims - Ready to Break Out?
Initial Jobless Claims - Four Week Moving
Average
3/29/08 374,500
Source Bureau of Labor Statistics
5
Lending Standards Tighten
Percentage of Banks Tightening Lending Standards
for Non Credit Card Consumer Loans
Source Federal Reserve Board
6
Consumer Confidence vs Manheim Index
Manheim Index
Consumer Confidence
Source Conference Board Manheim Consulting
7
Individual Income Tax Refunds Bigger and Earlier
Billions
Source IRS w/ Manheim Consulting estimate for
2008
8
Average Auction Price Rental Program Units
Source Manheim Consulting
9
Average Auction Price Rental Risk Units
Source Manheim Consulting
10
Average Auction Price -Midsize Fleet Car
Source Manheim Consulting
11
Average Auction Price - Subprime Repossessions
Source Manheim Consulting