Manheim Used Vehicle Index Hits Record High
While prices bounce up during springtime, this year's qualify as a leap, an economist says.
While prices bounce up during springtime, this year's qualify as a leap, an economist says.
ServNet announced on April 7, 2021 that John Brasher will step down as executive director of the auction group, effective April 30, 2021. He leaves the post to pursue other opportunities in the industry. Robert Sullivan, the group’s administrative director, will be named Interim executive director as ServNet’s leadership team conducts an executive search for a new leader.
Ravin AI offers artificial intelligence solutions for vehicle inspections for diverse fleet, insurance and remarketing customers around the world.
Wholesale used-vehicle prices increased 3.74% in the first 15 days of March compared to the previous month.
A yearlong rollout of enhancements will further align and improve processes across Manheim’s extensive digital and physical network to meet the needs of clients.
Jordan Clark has worked in the industry since 2011, moving up quickly and taking on many roles along the way.
Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
KAR Auction Services has announced that Peter Kelly will assume the role of CEO of the company effective April 1, 2021.
ADESA has launched a new vehicle return guarantee service in Canada for available ADESA and TradeRev dealers utilizing its wholesale digital marketplace.
The latest trends in the key indicators suggest used vehicle values are likely to continue to see appreciation in the days and weeks ahead.
Ron Breslow, long-time COO for FLD Remarketing, has retired after spending more than four decades with the company that he helped build.
Wholesale prices continued their decline last week through the month of January, though declines in the overall market are at a 0.21% decline, higher than historical 0.44% drops.
Wholesale used vehicle prices increased in the first 15 days of January compared to the month of December, bringing up the mid-month Manheim Used Vehicle Value Index.
Wholesale used-vehicle prices decreased 0.59% month over month in December 2020, bringing the Manheim Used Vehicle Value Index to 161.1, a 14.2% gain from a year ago.
Alba held a number of roles during his career with Ally, a company he was with since 2007. Before joining Ally, he worked at Daimler Financial Services.
The 2019 International Automotive Remarketers Alliance (IARA) Spring Roundtable was co-located with the 2019 Conference of Automotive Remarketing at the Caesars Palace Las Vegas.
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