VR Reporter: 07-19-2021

REPORTER

IARA President Paul Seger speaks at the Conference of Automotive Remarketing in Las Vegas on...

IARA Summer Roundtable Ready to Catch Up on Industry Trends, Look Ahead

President Paul Seger details how the annual event hosted by the International Automotive Remarketers Alliance will reunite hundreds of industry professionals and help steer industry actions and goals.

First-Half Fleet Sales Push Over 2020 Level as Rental Sales Surge

Fleet sales decreased month over month but rose steeply year over year. Sales into rental rocketed 531% year over year.

New Vehicles Hit Record Low in Affordability

Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.

New Vehicle Supply Slumps to Record Low

Market watchers had been expecting this slowdown to come earlier in the summer, but deals could still be made. Now there just isn’t enough product available.

Dealers evaluate vehicles as they are lined up for sale at a California Manheim location.

Wholesale Used Vehicle Prices Peaked in June

The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.

The almighty Ford F-Series, heavily hampered by inventory shortages caused mostly by the global...

10 Takeaways from 2Q U.S. Auto Sales

Cox Automotive Analysis: Fleet sales are still stuck in first gear, estimated to have increased by only 5% year over year but remain down by more than 40% from 2019.

Columbus Fair Auto Auction stands atop 154 acres and operates an 11-lane arena, reconditioning...

XLerate Group Acquires Liquid Motors

Digital transactions have grown tremendously at XLerate over the last five years, and digital is a key component of its omnichannel, go-to-market strategy.

The new site represents the first-ever physical presence for Manheim and clients in the region....

Manheim Enters Northwest Ohio with Addition of Manheim Montpelier

By expanding its nationwide local auction network, Manheim now hosts 49 sales per month nationwide with dealers averaging a 77% sales efficiency rate based on data.

LotVision is a wireless tracking device placed in a vehicle that helps dealers and transporters...

Manheim to Deploy LotVision Technology at 90% of Locations in Q3

The pilot program underway at two sites to expand capabilities will provide more vehicle data to clients.

James Davis was a European subject-matter expert on commercial vehicles.

European Commercial Vehicle Remarketing Expert Passes Away

James Davis, customer strategy and insight director (commercial vehicles) for Cox Automotive Europe, passed on July 11, 2021. He was 47 years old. In this position, Davis assumed an industry thought leadership role that involved building, sustaining, and evolving deep long-term open trust relationships with customers, business partners, suppliers, and industry bodies.