Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.
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Buffalo Auto Auction will receive strategic consulting services from TPC Management, which works with business owners and key management personnel to increase revenues and implement operational efficiencies to enhance performance.
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Volume-weighted, wholesale values for overall car and truck segments both showed gains for the ninth week in a row, increasing 1.46% overall last week (compared to 1.45% the prior week).
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ADESA recently hosted a single digital auction event with vehicles in 22 different locations using the company’s Simulcast Plus technology.
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Dealers Auto Auction Group has named David Diedrich as its VP of national sales and operations.
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Cox Enterprises has named Steve Rowley as the new president of Cox Automotive, effective Aug. 3, and will take over for current president and CEO Sandy Schwartz, who moves to a role as CEO of the Cox Family Office.
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Hosted virtually on Aug. 20, 2020, the webinars will serve as virtual chat rooms that will allow attendees to learn from subject-matter experts on challenges and resources in today’s environment and share in an interactive dialogue.
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To help address the COVID-19 pandemic, vehicle logistics provider United Road deployed technology-enabled solutions to simplify vehicle moves, as well as gave customers touchless delivery and pick-up, repositioning support, storage options, more.
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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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