The $17 million investment will bring a bevy of enhancements to the Manheim California, Manheim Riverside, Manheim San Diego, and Manheim Southern California locations.
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Overall used car values were up 0.09% compared to the week before, while overall truck values were essentially flat on a volume-weighted basis, according to Black Book’s April 3 Market Insights report.
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Rising interest rates will have a minimal effect on the used car market today. However, the used-car market is poised to suffer, in the longer term, as federal interest rates continue to rise, one expert said.
Read More →The Auction Academy is now accepting enrollment to participate in the training academy’s Digital Internet Seminar in April.
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Tom Webb will retire as Cox Automotive's chief economist after a more-than-four-decade career, where he became a leading voice about the economic health of the automotive industry.
Read More →GM Financial presented its 2016 auction of the year awards to ADESA Kansas City for Open Sale Auction of the Year and Manheim Statesville in North Carolina for Closed Sale Auction of the Year award, the company announced earlier this week.
Read More →Insurance Auto Auctions, Inc. (IAA) has launched its enhanced Vehicle Details page on IAAI.com to streamline customer access to the most relevant and important vehicle information.
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NextGear capital has named Lisa Mackie as its vice president of sales, a newly created a new position to support future growth in the inventory-financing sector, according to a company announcement.
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Both cars and trucks realized a healthy seasonal boost to wholesale performance last week, according to Black Book’s March 27 Market Insights report. Depreciation among light trucks was at one of the lowest levels seen all year, and the overall car segment actually saw wholesale values appreciate.
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Cincinnati-based SGS has hired Scott Fornwalt as a national sales executive, the vehicle inspection and certification provider has announced.
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