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Auctionsfrom News/Media ReleaseJuly 26, 2022

Manheim Express “Viper Voyage” Raises Funds for Youth Charities

The Viper stopped at 34 dealerships across the country on the road to being auctioned off to benefit Girls Inc., Toys for Tots and Boys & Girls Clubs of America

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Operationsfrom News/Media ReleaseJuly 21, 2022

Bain Capital and ADIA to Acquire Merchants Fleet

Merchants will continue to operate independently. The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business.

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Used-Vehicle Sales Expected to Dip Slightly for June

Higher interest rates, coupled with high gasoline prices and high vehicle prices, are keeping used sales in Q2 low.

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Meet the Car Flippers: Used EV Interest Surges as More Americans Go Electric

For the first time, used EV prices are exceeding the consumer price index for all used cars spurring sales and resales, according to the Q3 2022 Used Electric Car Market Report.

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New, Used Prices Retreat

While prices and supply stabilize somewhat, the overall supply is far below historical levels, said Charlie Chesbrough, Cox Automotive senior economist.

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Fleetfrom News/Media ReleaseJuly 13, 2022

EV Sales Hit Record High in Q2 2022

Q2 sales of battery electric vehicles increased to 196,788, a record high and a 13% increase from last quarter.

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CPO Sales Down Again in June 2022

The downward trend continues, as June CPO sales were down 1% from May’s sales stats.

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Wholesale Used Vehicle Prices Decrease in June

Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.

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Associationsby Martin RomjueJuly 7, 2022

Remarketers, Consignors Ready to Connect on Big Developments

The International Automotive Remarketers Alliance Summer Roundtable will address the questions spurred by inflation, rising energy costs, fleet electrification, supply chain twists, and constrained inventory.

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Auctionsfrom News/Media ReleaseJuly 7, 2022

New Senior Managers Ready to Lead CARS Recon Inc.

The experienced remarketing executives will take the reconditioning company to new levels across all areas of operations.

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