Wholesale

Black Book’s Market Insights showed that wholesale values dropped 0.31% last week. Analysts said that level of depreciation exceeded pre-COVID norms for this time of year since values typically drop by 0.22%. As a result, Black Book found that the estimated average weekly sales rate increased to 49%. “June has started off on a positive […] [Read More]

The wholesale vehicle market is rounding the corner from spring with prices continuing to ease from year-ago levels. In May, Black Book’s Used Vehicle Retention Index fell on a year-over-year basis for the eighth consecutive month, coming in at 175.4, down 7.1% from May 2022. While the index has slowed year-over-year each month starting with […] [Read More]

defi MANAGED SERVICING Remarketing, which is the remarketing arm of defi SOLUTIONS, has named its 2022 Auction of the Year. Earnings the award is Manheim Dallas, with second place going to ADESA Cincinnati/Dayton and third place going to ADESA Phoenix. “Manheim Dallas consistently ranks as a volume sales leader,” said Steve Bissett, defi SOLUTIONS vice […] [Read More]

Next up on our “NAAA 75th” series of the Auto Remarketing Podcast is a conversation with Kevin Cook, AVP of client services at Manheim. Cook is also the co-chair of the NAAA Auction Standards Committee. He joins the show to talk about his work with the association, its importance to small businesses like auctions and […] [Read More]

Manheim said Wednesday it has launched a new self-inspection mobile app for commercial consignors, called “Next Inspect,” designed to help them capture a vehicle’s condition and decide on next steps. The product is designed to relieve “the inherent friction in today’s off-lease processes and gives fleet owners needed visibility into the condition of their inventory,” […] [Read More]

The National Automobile Dealers Association has a new vice president of human resources. NADA said Wednesday that hired for the role is Dawn Worthington, whose nearly three decades of association HR experience includes time as VP of HR for the National Association of Chain Drug Stores and the National Restaurant Association. Worthington is a certified […] [Read More]

The International Automotive Remarketers Alliance will have a new executive director next month. Appointed to the role is Mark Coleman, who will begin his tenure on June 12, the trade group said Tuesday evening. In a news release, IARA president Jeff Bescher said: “Mark is a 25-year veteran of the wholesale automotive industry. His experience […] [Read More]