Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.
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KAR Global is immediately transitioning to Simulcast-only sales at all U.S. and Canada ADESA auction locations until further notice as the coronavirus pandemic continues to evolve, according to KAR Auction Services.
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Manheim will implement Simulcast-only sales at all of its U.S. locations effective March 16 to April 3, following the ongoing public health and safety concerns of COVID-19.
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While the conference has been postponed until a later date in 2020 as a preventive measure against the COVID-19 coronavirus, people interested in attending the show later this year can still register for it.
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After a great deal of discussion, the 2020 Conference of Automotive Remarketing has been postponed.
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Vehicle values held steady last week, as various luxury segments continued to see positive movement in their week-to-week wholesale values.
Read More →We have been monitoring the COVID-19 events very closely and we still intend to move forward with the 2020 Conference of Automotive Remarketing.
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The Northern California auction is the newest addition to the ServNet group of auctions.
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Tom Caruso is retiring from KAR Global after more than 40 years in the remarketing industry.
Read More →Jeff LeBlanc, who brings with his more than 15 years of experience in the retail automotive industry, will helm the new position.
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