The National Auto Auction Association (NAAA) estimates that its members sold 9.9 million vehicles in 2016, a 6% improvement over the year before, according to Manheim’s 2017 Used Car Market Report.
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On a year-over-year basis, 2017 started the same as all of 2016 — trucks and vans up and cars down, according to Manheim. New vehicles sales into rental declined by approximately 7% in January compared to January 2016.
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Manheim has released a set of updates for its website and mobile application meant to improve efficiency at auction.
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In December, the average mileage on rental risk units sold (38,600 miles) was similar to recent months, but it was 13% lower than a year ago, according to Manheim. The Manheim Index for December finished at 124.9, a decline of 0.6% year-over-year.
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Manheim Cincinnati is adding four lanes and has created a new sales schedule to improve dealer efficiency.
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Maserati North America has partnered with Manheim to centralize its processes for wholesaling vehicles, including revamping its fleet management program and the liquidation of its off-lease, buyback, and company-owned units.
Read More →Element Fleet Management has honored several Manheim sites for best-in-class performance at the 18th annual Remarketing by Element awards.
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Manheim has appointed four general manager positions at locations in Georgia, Arizona, and New Mexico.
Read More →Wholesale used vehicle prices declined 1% in November, continuing the downward trend that was 0.7% last month, according to Manheim's Used Vehicle Value Index.
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Manheim’s Mobile Auction program has generated the highest sale rates among Manheim channels, including, in-lane, mobile, and online auctions. Manheim clients are now averaging 70% sale rates using the platform, which utilizes a fleet of mobile trucks, buses and “auction in a box” portable technology units, according to Manheim.
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