Manheim Names New Canadian Vice President

07/16/2014

Selects Danny Fayad to Lead Customer Management and Strategic Development

As part of its ongoing commitment to serve the unique needs of the Canadian market, Manheim has named Danny Fayad as vice president of sales and business development for Canada. Fayad will report to Mike McKinney, regional vice president of operations, East.

“We’re excited to have the experience and strong leadership of Danny on our Canadian team,” McKinney said. “Danny’s wealth of knowledge about the market and auction operations along with his dealer background, bring a great perspective as we continue to develop products and bring new tools to the Canadian marketplace.”

In this role, Fayad will lead both the commercial and dealer account teams in Canada, with a focus on providing solutions to enhance the customer experience. Fayad and his team will continue Manheim’s ongoing efforts to understand customer needs and to create solutions; watch market trends, and track industry updates.

“This is a great opportunity to help build new solutions for both buyers and sellers in Canada,” Fayad said. “Having local market expertise and being backed by the resources of the worlds’ largest auto remarketer provides a unique advantage, and allows me to drive results for our customers.”

Fayad brings more than 30 years of experience in the automotive industry and valuable insight into dealer needs, including a career rich in both wholesale and retail operations. In 2013, he built a state-of-the-art auction in Edmonton, partnering with Manheim to make Manheim Edmonton and Source Auto Auction the company’s first venture into western Canada.

Previously, Fayad was the executive director of used vehicle operations of the Priestner Group also known as Go Auto.  In that role Fayad was responsible for oversight and management of the profitability in the wholesale used car departments within the group’s structure.  Through his expertise, Fayad led the expansion of Go Auto as one of the largest automotive groups in western Canada.

With an extensive background in cross border trading and the brokerage business, Fayad also brings valuable first-hand knowledge of the used dealer business. He previously owned and operated an independent used vehicle store. In addition he was owner and manager of Trail Boss Inc., a customer-service based ATV rental company located in the heart of Alberta, and also has experience in the oil and gas industry.

About Manheim Canada

Manheim has been serving Canadian wholesale vehicle buyers and sellers for almost 30 years. Headquartered in Mississauga, Ontario, Manheim Canada has four operating locations, with facilities in Edmonton, Toronto, Montreal and Halifax, and hosts more than 40 in-lane and online auctions each month.  Manheim Canada is part of Manheim (www.manheim.com), the leading global provider of vehicle remarketing services, connecting buyers and sellers of used vehicles to the largest wholesale used-vehicle marketplace. The company helps dealer and commercial customers achieve results by providing physical and digital auction channels, data analysis, financing, transportation and mobile products and solutions.

Manheim pioneered in-lane vehicle auctions and has been an innovator in both digital and mobile auction platforms. The company registers nearly 8 million used vehicles annually, facilitating transactions representing more than $50 billion in value.  Manheim’s research and consulting arm, Manheim Consulting, provides industry-leading market intelligence and publishes the widely recognized annual Used Car Market Report.  The company offers dealer financing though NextGear Capital, Inc..

Headquartered in Atlanta, Manheim has more than 20,000 employees in 106 worldwide sites and generates annual revenues of more than $2.5 billion.  A subsidiary of Cox Enterprises, Manheim participates in “Go Green with Manheim,” the company’s sustainability program.

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For further information: John Heid, 678-645-2076

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