While inventory is growing, vehicles are moving off lots faster than they were a year ago.
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The purchase expands auction services to dealers that are sourcing vehicles from online and physical auctions and need long distance carrier transportation.
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Of 31 major brands tracked by Kelley Blue Book, only five recorded transaction prices in August lower than year-ago levels.
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The combination will offer clients more growth, efficiency, and service with all types of auction transactions.
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Commercial vehicle sales stood out in August due in part to more rental fleet vehicles coming through auto auctions.
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Changes in wholesale values have defied gravity this year, as the industry sees lower used-vehicle inventory levels and increased consumer demand for affordable vehicles
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With the addition of Bel Air and Tallahassee auto auctions, the purchase grows Manheim’s reach to more than 6,500 acres nationwide.
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Car rental companies extended a sales spike from July, while commercial fleets continue modest growth.
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The milestone recognizes the Boswell family’s role in building a successful independent auction.
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A new council is giving fleets a louder voice in remarketing. See how you can get involved.
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