ATLANTA – Manheim announced today the appointment of Louis “Lou” Verrengia to vice president of commercial accounts. In this position, Lou will take a leadership role within the commercial accounts team where he will be responsible for building and maintaining client relations on the west coast. Lou also will focus on developing business plans with Manheim’s customers to help meet their business needs and strategic goals. Lou will be based out of California and will report to Tom Nohstadt, vice president, commercial accounts, Manheim.
“Manheim has a substantial commercial account base in the west, and it has been a priority of ours to provide an equal level of account management to support such an important group of customers,” Nohstadt said. “I am pleased that Lou and his team will lead that effort for this critical set of customers.”
For the past 10 years Lou served as executive director of sales – national accounts with ADESA. During his career, Lou also served as dealer relations manager for Chrysler’s NuCar Prep division, and he worked in all capacities at domestic and import automotive dealerships for more than 26 years. Lou’s solid industry and sales experience along with his background in building strong customer relationships will be an asset to Manheim and the commercial accounts team.
Prior to his start in the automotive industry, Lou served in the U.S. Air Force for four years, during which he spent time in Southeast Asia and Italy. After completing his military service, Lou graduated from Rio Hondo College in Whittier, Calif.
“I am excited to be part of the Manheim team,” said Verrengia. “I look forward to the new challenges and opportunities associated with providing the very best service for our valued customers.”
About Manheim (www.manheim.com)
Manheim is the world’s leading provider of vehicle remarketing services. Through its 130 worldwide wholesale operating locations, Manheim impacts every stage of a used vehicle’s life cycle, helping commercial sellers and automobile dealers maximize the full value of their vehicles. Drawing from its auction transaction volume, Manheim Consulting publishes the annual Used Car Market Report, the definitive source of data for the used car industry. Manheim Consulting offers a wide range of services including custom analytics, business optimization and macro economic analysis.
Manheim is the online vehicle remarketing leader, connecting buyers and sellers to the world’s largest, most comprehensive wholesale marketplace through its extensive in-lane and online offerings. Manheim.com receives nearly 900,000 visitors each week.
Additionally, Manheim offers services including reconditioning, certification, inspections, dealer financing, title management and marshaling, among others. Through its wide array of services and technologies, industry publications, customer support and educational offerings, Manheim gives its customers maximum control over how they buy and sell vehicles, helping them to conduct business in the most efficient way possible. In 2009, Manheim handled nearly 10 million used vehicles, facilitating transactions worth more than $50 billion in value.
Headquartered in Atlanta, Georgia, Manheim is a subsidiary of Cox Enterprises, a leading communications, media and automotive services company.
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