Wholesale Used-Vehicle Prices Fall in First Half of April
This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
This was the first time the Manheim Market Report index reading has been under 200 since March 2021, illustrating the outsized moves in the index over the last three years.
CAR 2024: The latest analysis from the National Auto Auction Association shows a stabilizing auction sector moving faster but still a long way from pre-pandemic years.
The arrangement will help the five-lane auction develop business and expand further into the national vehicle consignor market.
According to Vincentric, fleet costs per mile in all five vehicle categories accelerated higher in the first quarter of 2024 compared to the fourth quarter of 2023.
CAR 2024: Unlike a combustion engine, an EVs long-term value is maintained daily, based on the unique charging habits and battery management of its owner.
The 2024 Remarketer of the Year and Consignor of the Year bring resumes full of enterprise and experience.
A list of “R-words” captures the intent behind the alliance’s first new name and look since it was founded in 2001.
Fleet/lease sales were responsible for the increase in auction volume in the first quarter as dealer sales fell 5.4% YOY and fleet/lease sales rose nearly 29%.
The charity events included more than 2,000 classic, specialty, and exotic vehicles that raised $86,000 to provide recreational opportunities.
The average daily sales conversion rate increased to 62.5%, showing that demand improved relative to February.
The veteran leaders bring a combined 60 years of experience at Manheim and worked their way up through formative roles in auction operations.
The Automotive Remarketing Alliance recognized a disaster relief fund namesake for his charitable actions and the first-time recipient of a new industry honor, during the Conference of Automotive Remarketing.
The devices will capture electric vehicle battery health information and transmit that information to Manheim CRs and vehicle detail pages, where battery health information will be displayed on Manheim.com listings.
The company’s SmartHaul TMS platform allows dispatchers to send SMS and MMS messages seamlessly to any device or app drivers are using.
Prices in all vehicle market classes dive by double-digit teen percentages with electric vehicles down the most by 19% compared to March 2023.
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