Based on the first half of July, the Manheim Used Vehicle Value Index is on pace to set an all-time record for the second straight month. That’s according to a mid-month update from parent company Cox Automotive, which said wholesale vehicle prices through July 15 were up 4.4% from June. The mid-month reading of the […] [Read More]

Manheim added six more locations to its in-lane bidding pilot program on Monday, but pushed back the pilot of another. All told, Manheim now has 35 auction locations piloting in-lane bidding. A company spokesperson said via email that added to the pilot this week are: Manheim El Paso Manheim Hawaii Manheim Louisville Manheim New England […] [Read More]

Last week marked the first time since May that auction sales of vehicles up to 8 years old failed to crack the 100,000-unit mark, but they were still ahead of pre-virus forecasts, according to the Auto Industry Impact Report from J.D. Power released Wednesday. There were 97,000 auction sales for the week ending July 12. While […] [Read More]

Manheim added 13 locations to its in-lane bidding pilot on Monday, meaning 30 locations are now included, the company said in operational updates. Dealers at the pilot locations are able to bid in-lane through Digital Block sales, which include in-lane bidding on site at Manheim auctions with a live auctioneer and simulcast. Vehicles remain stationary […] [Read More]

The International Automotive Remarketing Alliance (IARA) finalized the agenda for its 2020 IARA Virtual Summer Roundtable, which is scheduled for Aug. 20. Set to bring viewpoints from consignors and dealers, the agenda includes nine segments. According to an update from IARA sent to Auto Remarketing over the weekend, the schedule is as follows: 9-9:20 a.m.: […] [Read More]

Scrubbing vehicle surfaces because of the coronavirus pandemic is top of mind nowadays, but Privacy4Cars and AutoIMS announced a collaboration this week to clean the technology system of today’s modern models. The companies finalized a new data partnership to provide visibility to consignors and auctions on the removal of nonpublic personal information previous owners and […] [Read More]

Wholesale vehicle prices climbed to an all-time high in June, according to Cox Automotive, which said Wednesday the company’s Manheim Used Vehicle Value Index was a record 149.3 for the month. But don’t expect these highs in used-car values to last. More on that later, but for June’s purposes, the Manheim index was up 6.3% year-over-year. […] [Read More]

America’s Auto Auction promoted a staff member at its facility in Virginia Beach, Va., as the location welcomes customers back for live sales and readies for an upswing in fleet and lease volumes following the slowdown stemming from the industry restrictions put in place to battle COVID-19. According to a news release distributed on Tuesday, […] [Read More]

Fleet maintenance being done through mobile programs continued to gain usage this week. Merchants Fleet announced a partnership with YourMechanic, a leading automotive mobile maintenance and repair services provider that brings vehicle care directly to customers’ homes, offices or lots. The fleet company said in a news release that the partnership has enabled Merchants Fleet […] [Read More]

DAA Northwest and the McConkey Auction Group are going digital with their annual Rock & Roll Sale. This year, which is the 25th anniversary of the auction’s signature event, the festivities include a series of simulcast-only sales event and a virtual concert performance from The Cronkites on the roof of DAANW’s auction arena. Initially, rock […] [Read More]