News
Wholesale Values Continue Slow Decline
Volume-weighted, overall car and truck segments both showed signs of slowing with the overall market decreasing by 0.15% this past week, compared to a 0.14% decrease the prior week.
Volume-weighted, overall car and truck segments both showed signs of slowing with the overall market decreasing by 0.15% this past week, compared to a 0.14% decrease the prior week.
The CAR Experience will be hosted live online from Oct. 12-16, 2020.
Manheim has released three new enhancements to its digital marketplace by adding significantly more images on vehicles checked in at a physical location; the opportunity to more easily transact at below-floor prices; and an additional sale format.
Volume-weighted, overall car and truck segments both showed signs of slowing down after 15 consecutive weeks of increases, with the overall market increasing by only 0.03% this past week (compared to 0.27% the prior week), according to Black Book’s recent Market Insights report.
Larry Stephen Hedrick, past president of the National Auto Auction Association (NAAA), founder of Statesville Auto Auction, and former NASCAR team owner, passed away Monday, Aug. 31, 2020, following a battle of Acute Leukemia.
Wholesale used vehicle prices increased 3.64% month over month in August, bringing the Manheim Used Vehicle Value Index to 163.7 a 15.8% increase from a year ago and another record-high for the Index, which also occurred in June and July of 2020.
Evans stepped into the role as head of the fleet & lease department in April 2019 and has been hailed for his success in building the commercial segment of the business while guiding customers through the challenges of doing business in a COVID-19 climate, according to America’s Auto Auction
Black Book has integrated its value data into One Auction View, a subscription-based service that provides dealers access to online wholesale auctions in a simplified, aggregated view.
Volume-weighted, overall car and truck segments both showed gains for the thirteenth week increasing 0.52% this week (compared to 0.82% the prior week).
Auto Auction Services Corp. (AutoIMS) announced a new mobile application that is designed to offer users vital data and features of the company’s inventory management system in the palms of their hands.
In June, Auction Academy President Penny Wanna announced that the Academy had launched a virtual classroom for the remainder of 2020 for its current Class 6 Group.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.4% comparing the first 15 days of August to the full month of July, continuing record setting-performance for wholesale prices.
The 2020 IARA Virtual Summer Roundtable has a schedule full of virtual sessions for remarketers and consignors covering today’s hot-topic issues, as well the future of remarketing.
Auction sales volumes have rebounded to a level consistent with, and on some days higher than, this time last year, despite most auctions continuing to operate under an all-digital platform.
Veronica Kireem was named the auction's GM in July, and has 25 years of automotive experience, including time in corporate, dealership, and auction roles.