Cox, Penske Debut Online Platform for Retailing Used Vehicles
The digital platform enables consumers to transact 100% online.
July 22, 2021
The digital platform enables consumers to transact 100% online.
July 22, 2021
The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
July 21, 2021
Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
July 21, 2021
For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
July 20, 2021
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.
July 19, 2021
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.
July 19, 2021
Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
July 18, 2021
The pilot program underway at two sites to expand capabilities will provide more vehicle data to clients.
July 14, 2021
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.
July 14, 2021
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.
July 14, 2021
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.
July 13, 2021
New analysis finds businesses and governments can grow used electric vehicles market by 40% in 2030 by transforming fleets.
July 13, 2021
The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
July 12, 2021
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.
July 11, 2021
Fleet sales decreased month over month but rose steeply year over year. Sales into rental rocketed 531% year over year.
July 7, 2021
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