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CAR2026: Lawrence Knapp Wins Consignor of the Year
Lawrence Knapp won the Cosigner of the Year award at this year's CAR Conference.
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SEARCHMENUSEARCHLawrence Knapp won the Cosigner of the Year award at this year's CAR Conference.
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President Paul Seger details how the annual event hosted by the International Automotive Remarketers Alliance will reunite hundreds of industry professionals and help steer industry actions and goals.
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By expanding its nationwide local auction network, Manheim now hosts 49 sales per month nationwide with dealers averaging a 77% sales efficiency rate based on data.
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Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
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The pilot program underway at two sites to expand capabilities will provide more vehicle data to clients.
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James Davis, customer strategy and insight director (commercial vehicles) for Cox Automotive Europe, passed on July 11, 2021. He was 47 years old. In this position, Davis assumed an industry thought leadership role that involved building, sustaining, and evolving deep long-term open trust relationships with customers, business partners, suppliers, and industry bodies.
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Market watchers had been expecting this slowdown to come earlier in the summer, but deals could still be made. Now there just isn’t enough product available.
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Digital transactions have grown tremendously at XLerate over the last five years, and digital is a key component of its omnichannel, go-to-market strategy.
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The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
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Cox Automotive Analysis: Fleet sales are still stuck in first gear, estimated to have increased by only 5% year over year but remain down by more than 40% from 2019.
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Fleet sales decreased month over month but rose steeply year over year. Sales into rental rocketed 531% year over year.
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