News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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SEARCHMENUSEARCHThe market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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Peter Grupposo succeeds Holly Capps overseeing the commercial sales, dealer sales and market insights teams for Manheim and NextGear Capital.
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Wholesale prices had been moving downward for most of the year and decreased 4% in August from July, widening the divergence with retail prices.
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But don't get too excited. Days supply is still far below historical levels and production has yet to catch up to demand.
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Year to date, the total used market is on pace to finish the year down more than 12% recorded in 2021.
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A panel at the National Auto Auction Association convention delves into the emerging challenges facing adoption of electric vehicles.
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IARA Summer Roundtable: In a free-wheeling interview, entrepreneur and used car industry disruptor Ernie Garcia delivers insights on his mega-merger deal and a customer-friendly e-commerce model.
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The annual National Auto Auction Association Convention returned last week after a three-year in-person hiatus where it recognized numerous achievements among industry members.
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The average price paid for a new vehicle in America now tops $48,000. Supply of popular segments – like subcompacts, hybrids and EVs – remain low.
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DAAG expands its footprint to nine locations throughout the Southeast.
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Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August.
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