While a variety of factors can affect vehicle conversion rates at auction, in a recent study, Manheim revealed that the presence of a physical title at the time of sale can potentially double vehicle conversion rates.
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In addition to a new, more user-friendly design, site visitors will have access to a depreciation calculator and informational videos.
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Family, friends, and colleagues paid their respects to Ed Bobit at a memorial service, honoring the Bobit Business Media founder and chairman as a publishing force known for his tough-but-fair approach to business and family.
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The LiveBlock mobile app is very similar to LiveBlock on ADESA.com, which simulcasts vehicles worldwide via real-time audio and video feeds.
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Used vehicles sold at auction depreciated 1 percent in June compared with a 0.4 percent rate in May, which is typical for summer months, according to Black Book.
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U.S. dealers are on track for near-record used-car sales in 2014 thanks to the retail financing environment and growth in the certified pre-owned market.
Read More →Xcira announces the development of a patented handheld condition reporting system, which is designed to increase the efficiency and accuracy of the vehicle inspection and condition reporting process.
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National Auto Auction Association chief executive officer Frank Hackett and NADA Used Car Guide vice president and chief operating officer Mike Stanton became the 24th and 25th industry leaders to be inducted into the Ring of Honor.
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In celebration of National Oceans Month, Cox Enterprises and Ocean Conservancy joined forces for a shore cleanup at Doheny State Beach in Dana Point, Calif. The cleanup took place on June 27 and removed nearly 650 pounds of trash.
Read More →Manheim Detroit and Manheim Orlando were among five auctions to receive General Motors Regional Auction Operational Awards for the first quarter of 2014.
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