Remarketing professionals at several leading FMCs are observing a strong truck market in the wholesale market, a continued shift of fleet portfolios moving toward more crossovers/SUVs, and an increase in digital auction activity.
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Manheim has released three new enhancements to its digital marketplace by adding significantly more images on vehicles checked in at a physical location; the opportunity to more easily transact at below-floor prices; and an additional sale format.
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ADESA recently hosted a single digital auction event with vehicles in 22 different locations using the company’s Simulcast Plus technology.
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Manheim’s flagship auction location sold more than 8,200 of the approximately 10,000 vehicles offered for sale digitally during the week ending June 19, 2020.
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Manheim launched its largest all-digital heavy truck auction on Jan. 8 at its Indianapolis, Indiana location, the company announced.
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The rebranding will extend the KAR family of companies' international name recognition and reputation to Continental Europe, the company stated.
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Manheim Tucson has become the company's first all-digital auction.
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As part of its 20-year anniversary, Openlane has a series of new enhancements, releases, and promotions planned for the duration of this year.
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ADESA has launched VirtuaLane auctions, a live in-lane auction virtual marketplace for customers at 20 of its physical auction locations.
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