There was a 15.4% year-over-year spike in the Manheim Used Vehicle Value Index in October, continuing a string of wholesale price growth from 2019. Prices were up 0.47% from September on a mix-, mileage- and seasonally adjusted basis, bringing the index to 161.9. “The non-seasonally adjusted monthly change was -1.9%, which was more in line […] [Read More]

Manheim is piloting the return of running vehicles through auction lanes. The company announced Thursday afternoon that it will begin this pilot Tuesday at Manheim Nashville, with Manheim Daytona Beach to follow suite Wednesday. Manheim said in a news release that it arrived at this decision, “after the company became more confident with its phased-in, […] [Read More]

As part of Auto Remarketing's 2020 Best Auto Auctions to Work For program, we are featuring Q&As with leaders from some of the honorees.  Next up is Michael Waterman, chief sales officer at ACV Auctions, one of this year's honorees.  That Q&A, available to CMG Premium subscribers, can be found below. Auto Remarketing: Workplace safety has been a […] [Read More]

Dealerships began November coming off a month of softer retail demand, but Black Book said most dealers are reporting it as typical seasonal softening. Black Book also mentioned that retail inventory levels currently sit about 12% lower than the start of the year. With prices cooling like the weather, are dealers stocking up on units […] [Read More]

During her first year on the job in 2007 as a cashier and telemarketer for America’s Auto Auction Greenville, Mechelle Montgomery was talking to customers about an upcoming sale. One day, a company vice president was in the office and observed her on the job. The vice president told, her, “You keep that up, and […] [Read More]

As part of Auto Remarketing's 2020 Best Auto Auctions to Work For program, we are featuring Q&As with leaders from some of the honorees.  Next up is Bruce Thompson, founder and chief executive officer of CarOffer, one of this year's honorees.  That Q&A, available to CMG Premium subscribers, can be found below. Auto Remarketing: Workplace safety has been […] [Read More]

As part of Auto Remarketing's 2020 Best Auto Auctions to Work For program, we are featuring Q&As with leaders from some of the honorees.  Next up is Matt Alombro, auction manager at Louisiana's 1st Choice Auto Auction, which has been an honoree in each of the program's five years.  That Q&A, available to CMG Premium subscribers, can be […] [Read More]

As part of Auto Remarketing's 2020 Best Auto Auctions to Work For program, we are featuring Q&As with leaders from some of the honorees.  Next up is Jason McClenahan, president and chief executive officer at EBlock, which was among this year's Best Auto Auctions to Work For.  That Q&A, available to CMG Premium subscribers, can […] [Read More]

As part of Auto Remarketing's 2020 Best Auto Auctions to Work For program, we are featuring Q&As with leaders from some of the honorees.  First up is John Kett, who is president and chief executive officer at IAA, which had four of its locations make the list.  That Q&A, available to CMG Premium subscribers, can […] [Read More]

Full-size pickups typically can transport heavy loads with relative ease. And those units evidently can carry wholesale prices for an extended stretch, too. On Monday, Black Book released its Used Vehicle Retention Index for October, pointing out how the movement might have been more pronounced if not for the influence of those full-size pickups. The […] [Read More]