The Cox Automotive summary reports that March 2021 was one of the strongest months in history. The growth in sales led to further declines in supply and corresponding increases in prices.
A proper, artificial intelligence-driven digital advertising strategy can put advertising dollars to work with precision, accuracy, and results.
ACV Auctions has filed with the Securities and Exchange Commission (SEC) to raise up to $100 million for an initial public offering.
VW Credit, Inc. (VCI) has launched two new websites on Manheim’s digital upstream remarketing platform as a way to offer unsold pre-owned vehicles to Manheim’s base of franchise and independent buyers.
Topics discussed include strong demand for new vehicles in the retail and fleet markets; inventory constraints due to high demand for trucks and vans; strong resale values in the wholesale market; and the lingering effects of the shortage of automotive microchips and semiconductors.
His first priority is generating a greater level of consistency in the information Manheim collects and how it displays that information.
Alba held a number of roles during his career with Ally, a company he was with since 2007. Before joining Ally, he worked at Daimler Financial Services.
In recognition of Manheim’s 75th anniversary, the company is recognizing the careers of several distinguished company leaders who are retiring or retired in 2020.
The remarketing industry observed a lower number of off-lease units in 2020 than anticipated; fleets extending asset lifecycles; and fewer repossessions than what would occur in a normal year.
Ryder System recently launched a new fully responsive, mobile-friendly used vehicle sales website, which includes an expanded inventory of used vehicles and enhanced search tools.
This video features Laura Taylor of NAAA and Paul Seger of IARA discussing with Mike Antich, CAR Experience conference chair, the value of virtual events during the new landscape of less travel, social distance, and face-to-face connection loss. Attendance for the CAR Experience is free exclusively for consignors and auction personnel.
Motormindz, a global venture consultancy, partnered with NuVinAir Global, an automotive cleanliness solutions and hygienic consulting company, to assist the industry expansion of NuVinAir’s ‘“Total Health” suite of products.
The CAR Experience will be hosted live online from Oct. 12-16, 2020.
KAR Auction Services has named automotive industry veteran Steve Jordan as its executive VP for KAR Global Dealer Sales, who will join the company in September after serving for seven years as CEO of the National Independent Automobile Dealers Association (NIADA).
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.
View photos from the 2019 Conference of Automotive Remarketing, which took place from March 25 to 27 at Caesars Palace Las Vegas.
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