Manheim has appointed general managers for its Atlanta and Fort Myers auctions that will focus on strategic growth and enhancing the client experience, the Cox Automotive company announced.
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The firm attributed the strong vehicle retention in October to increased replacement activity stemming from Hurricanes Harvey and Irma. However, the increased replacement activity seen in October is expected to be the last boost to come from the hurricanes.
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With the number of off-lease vehicles coming into the used car market projected to grow in the coming years, it might be the time for used car leasing to make a return, which would boost demand and price at wholesale for several used car segments, according to Swapalease.com.
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The Appraisal Lane, a mobile app that connects auto dealers with a community of appraisers and buyers, recently reached 100,000 live vehicle trades through its app, according to a company announcement.
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Average wholesale values saw little change last week compared to the week before it, with depreciation falling in both the car and truck segment, according to Black Book’s Oct. 30 Market Insights report.
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The new-vehicle retail sales forecast for October is pointing toward a strong month in year that has under performed compared to the year before it, according to a forecast developed by J.D. Power and LMC Automotive.
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This marks the 39th market that the company has expanded into as well as the first market that the company has entered in Nevada.
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Copart has added 19 acres of land to its Memphis, Tenn. location in its latest expansion. So far this year, the company has opened over 12 new yards and expanded over seven of its existing locations, according to the company.
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Depreciation trends for both car and truck segments are seasonally lower than what is normally expected this time of year, according to Black Book’s Oct. 23 Market Insights report.
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The November 18 auction will feature tractors and agricultural implements, as well as construction equipment and related items. Everything you need for your next farm or construction project can found in this auction.
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