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Hurricane Dorian Will Bring More Flood-Damaged Cars to Used Market
Used Vehicles Cost $14K Less Than New Equivalents in Q2
Wholesale Luxury Values Continue to Struggle in Early September

Wholesale Luxury Values Continue to Struggle in Early September

While most wholesale vehicle segments are experiencing low levels of depreciation, heavy depreciation from luxury segments is continuing to weigh down overall wholesale values, according to Black Book’s Sept. 10 Market Insights report.

September 10, 2019

Manheim Adds Vehicle Recs, Offer Tools to Mobile App
Carolina Auctions Go Digital During Dorian

Carolina Auctions Go Digital During Dorian

Manheim and Adesa auctions in the path of hurricane Dorian mostly shifted to digital sales on Thursday as the storm drenched the Carolinas and Virginia.

September 6, 2019

Carvana Opens Second Vending Machine in California
Wholesale Values Stable at Start of September

Wholesale Values Stable at Start of September

Overall vehicle values last week were stable, as the anticipation for Labor Day kept bidding strong at auctions, according to Black Book’s Sept. 3 Market Insights report.

September 4, 2019

Florida Auctions Prep for Hurricane Dorian

Florida Auctions Prep for Hurricane Dorian

The nation's largest wholesale vehicle auctions, including Manheim and Adesa, have shifted to digital-only auctions and taken other precautions to protect the facilities from Hurricane Dorian's possible landfall later this week.

September 3, 2019

Mazda Turns to Toyota for Captive Financing

Mazda Turns to Toyota for Captive Financing

Toyota Motor Credit Corp. will replace Mazda Capital Services as the captive consumer loan and lease financing company for U.S. Mazda dealers, according to a report filed with the Securities and Exchange Commission Wednesday.

August 29, 2019

Manheim's Peluso to Retire at Year's End

Manheim's Peluso to Retire at Year's End

Nick Peluso, a 30-year veteran of the remarketing industry and leader at Manheim since digital auction sales were a burgeoning idea, will retire at the end of the year.

August 29, 2019

Q&A: Manheim's Grace Huang Looks Ahead

Q&A: Manheim's Grace Huang Looks Ahead

Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections, and the company's diversification strategy.

August 27, 2019

ADESA Adds Recommendations Carousel to Homepage

ADESA Adds Recommendations Carousel to Homepage

Auction and reconditioning services provider ADESA (div. KAR Auction Services Inc.) announced the launch of Recommendations, a new solution billed as the industry’s first personalized vehicle carousel for used-vehicle dealers.

August 27, 2019

Manheim Moves to Flat Rates for Automatic Inspections

Manheim Moves to Flat Rates for Automatic Inspections

To increase dealer confidence in purchasing decisions within the wholesale used-vehicle marketplace, Manheim is introducing flat-rate pricing for automatic post-sale inspections, providing dealers a hassle-free way to reduce their risks and help ensure vehicles bought at auction are in the expected condition.

August 27, 2019

How Strong Fleet Sales Have Kept Incentive Spend Low