Manheim

Wholesale Values on Track to Hit Record Setting Levels

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.4% comparing the first 15 days of August to the full month of July, continuing record setting-performance for wholesale prices.

Wholesale Prices Hit Record High in July

Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.

Wholesale Prices Reach Record High

Wholesale used vehicle prices increased 8.95% month over month in June, bringing the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index.

Manheim Used Vehicle Index in May Rebounds After Collapse in April

Wholesale used vehicle prices increased 8.96% month-over-month in May 2020, bringing the Manheim Used Vehicle Value Index to 137%, which is 1.9% lower than it was at the same time in 2019.

Manheim Continues Industry Support During Pandemic

Manheim is providing discounts and waiving fees for its online services to support customers and clients whose businesses are impacted by closures as a result of the COVID-19 pandemic.

Manheim Simulcast-Only Sales to Continue Past April 3

Given how the COVID-19 pandemic has evolved, the company has extended its Simulcast-only sales past its original April 3 end date.

Manheim Used Value Index Grows 6.2% in February

Wholesale used vehicle prices increased 1.35% month-over-month in February, bringing the Manheim Used Vehicle Value Index to 143.5, which is 6.2% higher than it was at the same time in 2019.

Manheim Implements Simulcast-Only Sales Amid COVID-19 Concerns

Manheim will implement Simulcast-only sales at all of its U.S. locations effective March 16 to April 3, following the ongoing public health and safety concerns of COVID-19.

Advancements in Online Remarketing are Benefiting Emerging Segments

Companies such as Manheim and ADESA have invested time and money to bolster the digital side of their business to meet the demands of this growing field, and so have fleet management companies.

RideKleen to Roll out Mobile Maintenance Service

RideKleen has been testing a mobile maintenance service that will allow fleets to schedule oil changes at the vehicle to eliminate the downtime of a vehicle in a service bay.

Total Fleet Maintenance Costs Flat in CY-2020

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