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ServNet Adds New Members to Governing Board

Three regional auction owners have been recruited to handle leadership duties at the independent auction group.

The sales manager brings dealership and automotive experience to the full-service auction operation.

Vehicle shoppers now have a much better chance of finding something that fits their needs as improved supply relieves pent-up demand.

Next Inspect helps automakers, captive lenders, and fleet owners capture more accurate vehicle conditions to inform buying decisions.

Twice as many vehicle shoppers considered hybrids instead of an EV and eight of 10 top selling electrified vehicles last quarter were hybrids.

Mid-Month Update: The Manheim Used Vehicle Value Index was down 7% compared to the full month of May 2022.

Finding the right product at the right price is more challenging for used vehicle buyers today, amid higher interest rates and recession fears.

The company recently auctioned off items for a charity dedicated to the legacy of the daughter of a former account manager.

The average price likely will stay relatively high since few new vehicles were sold in recent years and little leasing was done.

Post-pandemic pent-up demand is moving into the automotive market. Strong sales growth into fleets strengthened April numbers.