News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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NASHVILLE, TN – Manheim's Remarketing Solutions subsidiary has announced the launch of Dealer Auto Funding Solutions (DAFS), a retail financing program for independent automobile dealers that is powered by technology from Bankers Integration Group (BIGFNI).
Read More →ATLANTA – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) rose for the third consecutive month in October. The Manheim Index reading was 112.5 for October, up 5.7 percent from a year ago and up 9.9 percent for the cyclical low point in April 2003.
Read More →CARMEL, IN – ADESA Impact, a total loss vehicle auction subsidiary of ADESA, Inc., has acquired four independently owned salvage auctions. The acquisition of the "Ohio Connection," a group of Ohio salvage auction companies, expands ADESA Impact's regional coverage and is expected to be mildly accretive to ADESA's 2006 financial performance.
Read More →RICHMOND, VA – In the wake of recent hurricanes and flooding, CarMax, Inc., a retailer of used cars, is advising consumers on how to avoid purchasing flood-damaged vehicles.
Read More →ATLANTA – AutoTrader.com helped raise awareness and more than $120,000 for the St. Jude Children's Research Hospital by holding golf tournaments in 28 cities this past April through October.
Read More →LAKE SUCCESS, NY – Nissan Motors Acceptance Corporation has securitized approximately $80 million of electronic contracts originated and stored on the DealerTrack eContracting system. It was the first time in history that more than a limited amount of electronic contracts were included in an automotive securitization, according to DealerTrack.
Read More →STOCKBRIDGE, GA – The National Association of Fleet Administrators (NAFA) Atlanta Chapter's Fleet Industry Symposium 2005 will be held Nov. 17-19 at Manheim's DRIVE Center in Stockbridge, just outside of Atlanta.
Read More →ATLANTA – Manheim's San Antonio Auto Auction in San Antonio, Texas, has joined the Total Resource Auctions network, becoming the 11th Manheim auction to offer advanced salvage auction services.
Read More →WESTBURY, NY – Equipment repossessions and liquidations nationwide continued to rise during the third quarter, most notably for trucks and construction machinery, reported Nassau Asset Management. Nassau's NasTrac Quarterly Index (NQI) reveals trends in repossessions and orderly liquidations based upon the company's internal activity.
Read More →ATLANTA – Manheim Auto Auction in Manheim, Pa., will feature Paul Teutul Sr. and Paul Teutul Jr. from the reality television show “American Chopper” Fri., Nov. 18. The Teutuls, who own and operate the Orange County Choppers enterprise, will sign autographs from 9 to 11 a.m. and display a motorcycle the group recently customized.
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