A 0.5% on a month-over-month increase in wholesale used vehicle prices (on a mix-,mileage, and seasonally adjusted basis) in April, brought Manheim’s Used Vehicle Value Index to 124.7%, representing a 1.6% year-over-year increase and the first time this year that the index has risen on a month-over-month basis, according to the company.
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Carvana has raised the total number of markets it where it offers one-day delivery to 25 with its expansion into Chicago, according to a company announcement.
Read More →Donlen recently announced the recipients of its 2016 Top Auction Awards, according to a company announcement. Manheim Mississippi took home top honors as the recipient of the Auction of the Year award, however, seven other auctions also received awards.
Read More →Copart will be expanding its Altoona auction located in Ebensburg, Pa. in order to bolster its storage capacity in the state, the company announced in a statement.
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Manheim has pulled from Cox Automotive’s network of companies to promote three leaders to general manager roles, according to a company announcement.
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Trucks outperformed cars last week, driven in large part by the strength of compact vans, according to Black Book’s May 8 Market Insights report.
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For the first quarter 2017, Hertz Global Holdings Inc. reported declines in revenue and earnings. Hertz’s total revenues were $1.9 billion, a 3% decline year-over-year, while adjusted earnings were negative $110 million — compared to positive $27 million in Q1 2016.
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Manheim has named Peter Grupposo as vice president of dealer sales and Holly Capps as vice president of inventory solutions commercial and wholesale sales, according to a company announcement.
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First announced in September of last year, Cars.com's separation from TEGNA as its own publicly traded company will be completed on May 31; shares of the new separate company will begin regular trading on the New York Stock Exchange (NYSE) the next day.
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Ron Shoemaker, who founded Flexco Fleet Services, is moving out of his role as CEO to lead The Hourglass Foundation, which he co-founded with son Chad, who will step into the top role with the remarketing company.
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