Tagged Manheim

Manheim Improves Vehicle Valuation Tool

Manheim has updated its vehicle valuation tool, the Manheim Market Report (MMR), to provide more detailed valuations of used vehicles to increase transparency and improve the remarketing process, the company announced.

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Manheim Gearing Up Celebrations for Auction Week

Manheim is gearing up to celebrate the National Auto Auction Association-sponsored Auction Week, according to a company announcement.

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Manheim's Cadigan Retires After 40-Year Career

Jay Cadigan will retire from Manheim, capping a 40-year career in the remarketing industry that included stints at auctions, as well as leasing companies and rental car operators.

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Manheim Used Vehicle Value Index Rises in Third Consecutive Month

The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1, according to the firm.

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Retail Used Car Sales Climb 4.3% in 2017

Retail used car sales are up 4.3% year-to-date, according to Manheim Chief Economist Jonathan Smoke’s Industry Insights.

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Manheim Expands Brazilian Auction Presence

Manheim has acquired Pacto São Paulo and is developing commercial partnerships with six other auction companies to invest in in Brazil.

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Peluso Named President of Manheim Digital Marketplace

Manheim has named Nick Peluso as the president of Manheim Digital Marketplace, according to a company announcement. Peluso, who will also continue to serve as president of RMS Automotive, will report directly to Grace Huang, senior vice president of Inventory Services for Manheim.

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Manheim's Dealer-Based Mobile Sales Grow 52%

Manheim's mobile sales have grown 52% in the past year from online auctions hosted at 47 locations around the country, Manheim announced.

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Manheim to Open Six Auctions in 'Underserved Markets'

Manheim will open six smaller auctions in areas the company views as "underserved markets," including Alabama, Georgia, Illinois, North Carolina, West Texas, and Utah, Manheim has announced.

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Used Vehicle Values Keep Climbing Higher, Manheim Says

The Manheim Used Vehicle Value Index hit a record high for the second consecutive month, as wholesale used-vehicle prices rose 1.1% month over month in June. The increase brought the Index to 129.3, a 2.5% increase from a year ago.

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