While most wholesale vehicle segments are experiencing low levels of depreciation, heavy depreciation from luxury segments is continuing to weigh down overall wholesale values, according to Black Book’s Sept. 10 Market Insights report.
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Manheim announced the addition of two new, dealer-facing features to the Manheim Express mobile app, both available now.
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Manheim and Adesa auctions in the path of hurricane Dorian mostly shifted to digital sales on Thursday as the storm drenched the Carolinas and Virginia.
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The new location, located in Ontario, Calif., stands eight stories tall and holds 27 vehicles.
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Overall vehicle values last week were stable, as the anticipation for Labor Day kept bidding strong at auctions, according to Black Book’s Sept. 3 Market Insights report.
Read More →The nation's largest wholesale vehicle auctions, including Manheim and Adesa, have shifted to digital-only auctions and taken other precautions to protect the facilities from Hurricane Dorian's possible landfall later this week.
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The general managers will oversee locations in California, Oregon, and Canada.
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Toyota Motor Credit Corp. will replace Mazda Capital Services as the captive consumer loan and lease financing company for U.S. Mazda dealers, according to a report filed with the Securities and Exchange Commission Wednesday.
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Nick Peluso, a 30-year veteran of the remarketing industry and leader at Manheim since digital auction sales were a burgeoning idea, will retire at the end of the year.
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Auction and reconditioning services provider ADESA (div. KAR Auction Services Inc.) announced the launch of Recommendations, a new solution billed as the industry’s first personalized vehicle carousel for used-vehicle dealers.
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