Used-vehicle sales in the period were up more than 5% year over year, in line with spring fever and the tax refund season.
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This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
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The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
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The Q1 2024 decline in electric vehicle sales was the first quarter-over-quarter downturn since Q2 2020.
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The 2024 Remarketer of the Year and Consignor of the Year bring resumes full of enterprise and experience.
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A list of “R-words” captures the intent behind the alliance’s first new name and look since it was founded in 2001.
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Fleet/lease sales were responsible for the increase in auction volume in the first quarter as dealer sales fell 5.4% YOY and fleet/lease sales rose nearly 29%.
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The charity events included more than 2,000 classic, specialty, and exotic vehicles that raised $86,000 to provide recreational opportunities.
Read More →The average daily sales conversion rate increased to 62.5%, showing that demand improved relative to February.
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The veteran leaders bring a combined 60 years of experience at Manheim and worked their way up through formative roles in auction operations.
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