Manheim has launched two new features to its Manheim Express app, one of which will allow dealers to manage offers directly within the Manheim Express app. Manheim wants the Manheim Express buyer experience to help dealers make fast but confident purchasing decisions, said vice president of offsite solutions Derek Hansen. “And we continue to up […] [Read More]

Experian’s latest quarterly data report again mentioned how consumer affordability is impacting auto-finance metrics. And consumer affordability also impacted Black Book’s Used Vehicle Retention Index for August. This week, analysts released their latest index reading, which showed that August posted a 1.4% lift on a sequential basis. The index came in at 116.6, up from […] [Read More]

Black Book’s team of analysts are looking to see how much used metal dealerships turned during Labor Day weekend to get a better handle on how wholesale prices might move during the remainder of the year. Heading into the holiday sales stretch, the Black Book Market Insights report showed wholesale values didn’t change much as […] [Read More]

The Oct. 1 edition of Auto Remarketing will celebrate the National Auto Auction Association's annual convention. One of the features in that special NAAA Convention Issue is the semiannual “Spotlight on Commercial Consignors,”  where we invite commercial consignors to have their listings included in a directory for the wholesale auto industry.  If you would like to be added […] [Read More]

ADESA has named new general managers at three of its auctions, for two in the United States and one in Canada. Jeff Hyde is the new general manager at ADESA San Diego. At ADESA Northwest in Eugene, Ore., Kjersta Loyd is the new general manager. And Matthew Creese is the new general manager at ADESA […] [Read More]

Reached by phone around 8:30 am (PT) on Wednesday, Nick Peluso had already bicycled a few handfuls of miles. That may paint a picture of how active the Manheim Digital president will still be in his retirement from the company. Manheim announced Thursday that Peluso, who has been in the auto auction industry for more […] [Read More]

Manheim says that its introduction on Wednesday of personalized vehicle suggestions within its Manheim Market Report valuation tool means time savings for dealers, who will see “highly relevant and immediately available inventory” on a page that they use daily. Manheim says that dealers are seeing more of a need to use smart technology in making […] [Read More]

Dealers who might be accustomed to seeing wholesale prices cool a bit when the outside temperatures are their warmest likely are leaving the lanes disappointed. The latest Black Book Market Insights report again detailed how wholesale prices are holding at higher levels this summer. In fact, overall car segment values increased by 0.06% last week, […] [Read More]

If you’ve streamed music and movies or purchased shoes, food or other goods on an app, you’re likely familiar with personalized, tailored recommendations. While those are often based on viewing, browsing or purchasing behavior, a new recommendations tool in the wholesale auto industry appears to take that a step further. ADESA said Tuesday it has […] [Read More]

With its new program offering flat-rate pricing for automatic post-sale inspections, Manheim says that dealers can automatically receive inspections for all wholesale vehicle acquisitions at a “predictable, consistent rate.” The company said the new program can help increase dealer confidence in purchasing decisions within the wholesale used-vehicle marketplace. Through the program, Manheim said, dealers can […] [Read More]