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Many of the dynamics in today’s market are eerily familiar to the resale value softness that occurred in the last decade, which ultimately peaked in 2002. At that time, year-over-year increases of off-lease vehicles entering the wholesale market exerted downward pressure on resale prices. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016. What are you doing to prepare for these different market dynamics?
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With labor market and credit conditions continuing to improve and expected to maintain an upward trajectory in the year ahead, the environment is ripe for sustained vitality in the new, used, and wholesale marketplaces.
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Through an arrangement with the National Auto Auction Association (NAAA), AASC will distribute Manheim's AutoGrade service to all member auctions at no additional cost.
Read More →Manheim has named Chad Ruffin as general manager for Manheim Southern California, and has promoted Donny Cohen to auction manager for Manheim Daytona Beach and Manheim Jacksonville.
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After increasing the last four months, wholesale used vehicle prices declined in October. The Manheim Index now stands at 122.3, an increase of only 0.3% from its year-ago level.
Read More →Ten Manheim locations across the country were honored for outstanding performance by customers – including a first-time sweep of 13 Chase Cup awards from Chase Auto Finance – at the 65th annual National Auto Auction Association (NAAA) conference.
Read More →The milestone vehicle was sold at Manheim Chicago, a wholesale vehicle auction operation, and the seller was the Chicago-based Turner Acceptance Corporation, a long-time Remarketing by GE customer.
Read More →Manheim has released a report on used-vehicle sales for the first half of 2013, noting that wholesale used-vehicle prices have fallen 3 percent year-over-year, which is more in line with resale prices historically.
Read More →Manheim Canada has signed a partnership agreement with Source Auto Auction, a newly-created auction facility in Edmonton, Alberta.
Read More →Manheim Canada has announced a new remarketing partnership with Ford Motor Company of Canada, Ltd.
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