America’s Auto Auction has named its new fleet/lease manager for its facility location in Virginia Beach, Va.
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Manheim now offers in-lane bidding at 30 pilot sites, with 13 of those locations added in mid-July, the company announced.
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Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.4% comparing the first 15 days of July to the month of June, according to data published by Manheim.
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Topics discussed by the keynote speakers include how vehicle leasing trends are impacting the used-vehicle market and how companies can grow their business and reduce hours from their work week.
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The 2020 IARA Virtual Summer Roundtable has a schedule full of virtual sessions for remarketers and consignors covering today’s hot-topic remarketing issues as well as the continued recover of the industry and the future of remarketing.
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Privacy4Cars and AutoIMS are providing visibility to consignors and auctions on the removal of non-public personal information previous owners and drivers may have left in consigned vehicles’ on-board systems, including previous destinations, home address, garage door codes, contact lists, call logs, text messages, device identifiers, and more.
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Wholesale used vehicle prices increased 8.95% month over month in June, bringing the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index.
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Wholesale market prices were strong for the last week of June, and were maintained by federal stimulus, together with still limited used-vehicle inventory.
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Tim West, Black Book’s longtime Vice President of North American Auctions, received the Ed Bobit Industry Icon Award, which honors those for their contributions to the remarketing industry.
Read More →Manheim’s flagship auction location sold more than 8,200 of the approximately 10,000 vehicles offered for sale digitally during the week ending June 19, 2020.
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