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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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Manheim’s Florida Auto Auction of Orlando had notable Simulcast success at its recent three-day Anniversary Sale, accepting nearly 2,600 online bids and selling over 400 vehicles online. The sale proved to be the greatest success for Simulcast since its inception.
Read More →Manheim Auctions has announced that Doug Kramer has been named assistant general manager of Dallas Ft. Worth Auto Auction in Ft. Worth, TX, and that Peggy Sprenger and Scott Gallagher have been promoted to assistant general managers of Kansas City Auto Auction in Kansas City, MO.
Read More →Manheim’s Simulcast had record-breaking success at the BMW highline sale at Manheim’s Atlanta Auto Auction on July 2, 2003. Of 130 vehicles sold, 84 percent were purchased by online dealers via Simulcast.
Read More →Greater Quad-City Auto Auction (GQCAA) has teamed with the General Services Administration (GSA) to hold the first public, client-specific Internet auctions in May and June 2003.
Read More →DaimlerChrysler has made changes to the Chrysler group certified used-vehicle program. The company has dropped its per-vehicle certification fee for dealers by $100, to $295, on used 2003-model Chrysler, Dodge, and Jeep vehicles. In addition, it has added a three-month/30,000-mile bumper-to-bumper warranty.
Read More →According to industry analyst Art Spinella, nationally, online sales of used cars topped 500,000 in May, and could hit 1 million a month by the end of the year. He added that two major advantages for the consumer of Internet sales are the wide selection and quick responses.
Read More →Automobile Consumer Services, Inc., (ACS) specializing in online, direct-to-consumer automotive leasing, has launched a new Web site, bringing consumers an online marketplace for late-model, used vehicles. The site, called FrontRowCars.com, offers vehicles which are available for purchase, finance, or lease.
Read More →ADESA Ocala recently announced that Jeff Raynor, previously employed as assistant general manager at ADESA Jacksonville, is its new general manager. Replacing Raynor as assistant general manager in Jacksonville is Jason Martin, formerly employed by ADESA Indianapolis as the auction’s fleet/lease manager.
Read More →At first glance, it seems like any other summary of a very successful day at an auto auction: two sales achieve a 100 percent sale rate and average $2,000 per car over reserves. But the 50 dealers who attended the sales had never before been to an auction. In fact, it was the first-ever auction of its kind in the country where it took place — Thailand.
Read More →DaimlerChrysler announced on July 22 that it has added a three-month/3,000-mile limited warranty to its Certified Pre-Owned Vehicle program. Units that qualify for the warranty already carry the seven-year/70,000-mile transferable new vehicle warranty, which includes 2003-model vehicles and those to come.
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