May 26, 2018

Auction Pioneer Who Led Manheim’s Growth Passes Away

By Staff Writer March 07, 2018

Auction pioneer Warren V. Young Sr. died on March 1.


He was 90.


Young began his auction career at the National Auto Dealers Exchange in Bordentown, N.J. (now Manheim New Jersey). He became the auction’s general manager in 1965 when Manheim purchased the business.


After a decade as GM, Young rose through the ranks of Manheim, which had been acquired by Cox Enterprises. He became vice president of Manheim Services Corp., then executive vice president and finally president and chief executive officer of Manheim.


Under his leadership, Manheim expanded to 26 auctions nationwide. In 1991, he engineered the purchase of the General Electric Auction Group, almost doubling the company in size 
to 46 auctions.


Young retired a year after the GE merger to spend time with his family.



Young held several positions with the National Auto Auction Association, including secretary, treasurer, president and president emeritus.


In 1983, he was inducted into the NAAA Hall of Fame. His other honors include being named to the National Independent Auto Dealers Association's Ring of Honor and president of the Eastern Auto Auction Association.


In 2004, NAAA renamed its education fund as the Warren Young Sr. Scholastic Foundation in his honor. Since then, the foundation has raised more than $2.25 million and awards $52,000 in merit scholarships annually to 12 students for full-time study at accredited institutions.


During his later years Young had been diagnosed with Alzheimer's disease, so in lieu of flowers the family requests that donations be made in Warren's memory to The Alzheimer's Association at www.alz.org.

Last modified on Wednesday, 07 March 2018 21:42