Manheim's investment plan focuses to improve three of its Chicago-area locations: Manheim Chicago, Manheim Arena Illinois, and Manheim Milwaukee.
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In South Carolina, one auction is seeing an increase in former fleet vehicles. In South Florida, another auction is bucking lower luxury residual values.
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instaVIN, a provider of vehicle history reports and technology products, has named Edie Hirtenstein director of business development. The 14-year automotive industry veteran will be responsible for managing customer relationships and identifying and implementing products and services that could further expand the business, according to the company.
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NextGear Capital has made an agreement with CarMax that allows dealers to use NextGear Capital lines of credit at all 68 CarMax auction locations.
Read More →Alliance Inspection Management (AiM) hired Scott Reedus to oversee AiM’s sales growth and retention within major dealer groups.
Read More →Manheim opened a Retail Solutions Center in Flat Rock, MI to provide dealers with access to services that produce retail-ready vehicles. Retail Solutions’ offerings include acquisitions, inspections, reconditioning, merchandising, transportation and more.
Read More →Black Book announced it has forged another distribution agreement with a marketing agency. This time, the vehicle valuation firm has teamed with Outkazt Media, which will leverage Black Book’s Bullseye Prospecting solution in dealer marketing campaigns.
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Wholesale used vehicle prices increased for the third consecutive month in June, and are now at their highest level in more than four years.
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Manheim’s dealer-only “Cargaritaville” regional auction will offer more than 40,000 used vehicles. This third annual event is expanding beyond its traditional Florida locations to other regions in the Southeast, including Alabama, Georgia, North Carolina, South Carolina, and Tennessee.
Read More →Wholesale used vehicle prices increased in May, suggesting dealers have continued to achieve efficiency gains that allow them to bid-up auction prices even as gross margins narrow.
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