Several Manheim Auctions were honored during the 18th annual Chase Cup for Auction Excellence Awards by Chase Auto Finance for their performance in several different categories related to vehicle remarketing.
Several Manheim Auctions were honored during the 18th annual Chase Cup for Auction Excellence Awards by Chase Auto Finance for their performance in several different categories related to vehicle remarketing.
Manheim Phoenix, Manheim Pennsylvania, Manheim Minneapolis, Manheim Orlando, Manheim Seattle, and Manheim Atlanta were the six Manheim locations honored, according to Manheim.
Manheim locations in Phoenix, Pennsylvania, Minneapolis, and Orlando were awarded for the best regional performance in their respective regions. Manheim Phoenix was also honored for best national auction performance.
In categories related to the sale of specific brands, Manheim Seattle was awarded for best national Mazda and Subaru sales. Meanwhile, Manheim Atlanta was honored for best national Jaguar sales and Manheim Pennsylvania was honored for best national Land Rover sales.
Chase Auto Finance handed out awards based on a performance review of 30 of the nation’s best auto auctions in areas such as retention, operational efficiency, expense control, accuracy, sales, and service delivery, according to Manheim.
The honorees were announced during the 2016 National Auto Auction Association convention in Las Vegas.
New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives reversed an improving trend.
Read More →
The arrangement accesses cloud-based software designed to help financial institutions keep track of their vehicle and asset collections and limit repetitive clunky tasks.
Read More →
CAR 2023: Politics may be tough territory, but trade groups that build bridges in Washington, D.C. are less likely to get eaten at the regulatory table.
Read More →
Auto finance companies and remarketers should prepare to navigate a more active regulatory environment this year from the CFPB and FTC.
Read More →
Used financing increased 2.4% year-over-year and reached 55.15% in the third quarter of 2019.
Read More →
Several manufacturers offered attractive discounts and competitive pricing on compact cars and SUVs, while most luxury and full-size vehicle brands maintained their lease prices.
Read More →
The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
Read More →
Cox Automotive’s chief economist, Jonathan Smoke, said he didn’t expect the Fed’s latest move to match the impact of the July cut for auto manufacturers or dealers.
Read More →
Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 69.1% approval rate in July, a rise from the June rate of 65%.
Read More →
Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
Read More →
