The national network of independently-owned wholesale auto auctions plans to build and strengthen its auction teams.
Read More →
Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.
Read More →
Wholesale used-vehicle prices decreased 2.3% in October from September and were down 4% from a year ago.
Read More →
October’s price decline is eerily similar to last October’s 2.2% drop, and this was not unexpected as the market remains balanced.
Read More →
Applying deep data science to vehicle inventory management can spur more accurate pricing models in real-time.
Read More →
Almost all major market segments saw seasonally adjusted prices that were again lower year over year in the first half of October.
Read More →
September auction sales bolstered prices through the channel, but wholesale is at a crossroads, mainly from concerns about the UAW strike possibly slowing new retail sales and moving buyers into the used market.
Read More →
With sales slightly stronger than expected, tight supply, and prices at about 6% below last year, these factors are expected to prevent any substantial decline in wholesale prices through year-end.
Read More →
The conversion rate indicates that the first 15 days of August saw buyers with more bargaining power for this time of year.
Read More →
All major market vehicle segments saw price declines year over year and all were down compared to the previous months, except for one.
Read More →
