Wholesale

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]

Wholesale prices continued to soften as the industry speeds toward Memorial Day weekend, with Black Book noticing declines at about the same rate no matter the vehicle age. Analysts pegged the overall value decrease at 0.13% during the week that closed on Saturday. Black Book shared dissected data in its latest installment of Market Insights […] [Read More]

Next up on our series of podcasts from April’s Auto Intel Summit & NRC Spring Summit is a panel discussion, moderated by Cherokee Media Group’s Joe Overby, that features Jai Macker of EBlock, Terence Rasmussen of CarMax, Jason Ferreri of OPENLANE and Sawyer Walker of America’s Auto Auction. Titled “Balancing Brick & Mortar + Digital […] [Read More]

No, not THAT Coach K, but with Steve Kapusta of Ally and SmartAuction. In this episode kicking off our series of “live shows” from April’s Auto Intel Summit & NRC Spring Summit, Cherokee Media Group president Bill Zadeits talks with Kapusta about his successful career rising to the top of one of the industry’s most […] [Read More]

This week’s flow of industry data continued with Cox Automotive reporting wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.1% from April during the first 15 days of May. As a result, Cox Automotive said the midmonth Manheim Used Vehicle Value Index dropped to 225.9, which was down 7.0% from last […] [Read More]

In less than two weeks, it will be Memorial Day weekend and the unofficial start of summer. That timeframe coupled with last week’s trends showing wholesale prices softening another 0.15% and the estimated average weekly sales rate remaining at 49% prompted Black Book to ask questions. “Auction conversion rates remained stable last week,” analysts said […] [Read More]