Cox Automotive chief economist Tom Webb explained last month’s movement of the Manheim Used Vehicle Value Index confirmed two trends. Webb said it is now certain that the full-year 2015 Manheim Index will post an increase on both an annual average and year-over-year basis. Even though Webb discussed increases in the monthly report, Manheim noticed […] [Read More]

Starting Jan. 1, Manheim will have a simplified market structure, in which each of its physical operating locations will be in one of two divisions: Local & Mobile or National.  “This is a strategic change for Manheim, but one that we are confident enables us to be an even stronger partner and solutions provider for […] [Read More]

ServNet has officially welcomed a new member to the independent auction group: Greenville Auto Auction. The auction is located in Greenville, N.C., and is owned by the Stallings family, which has operated the auction since July 2010.  It holds a weekly sale at 9:30 a.m. (ET) on Thursdays. “ServNet’s owners and board of directors are […] [Read More]

The folks at the Greater Rockford Auto Auction are set to reopen their lanes in grand fashion on Wednesday. GRAA’s auction facilities have experienced a complete reconfiguration and remodel recently, which included moving and rebuilding all of its auction blocks as well as a complete refresh of the entire sales arena. The updates also include a […] [Read More]

As supply continues to grow, with over 800,000 off-lease vehicles expected to enter the remarketing cycle next year, average vehicle price retention is expected to weaken in 2016. While 2014 to 2015 had some of the strongest vehicle retention in recent memory, this trend will start to reverse beginning next year, according to a report […] [Read More]

Remarketing company FLD Inc. announced Thursday an internal promotion to fill the role of chief financial officer. Taking the reins of CFO is Rita Miller, who joined the company as a comptroller in 2008. According to FLD, in her new role, Miller will now be more involved with projections in budgeting, assisting with the introductions […] [Read More]

Listen up, folks. The same old wholesale trends you have come to expect this year are changing — and changing fast. Those watching the auction lanes this year have seen the truck segments outperform their smaller counterparts throughout most of 2015, but over the course of November, trucks started to lose a bit of their […] [Read More]

Amid quickly approaching holidays and the close of another year, the International Automotive Remarketers Alliance has a reminder for those looking for something new in 2016: Membership enrollment in IARA begins Jan. 1. IARA is encouraging existing and prospective members to visit its website to take advantage of the January membership enrollment. Current members simply […] [Read More]

As you're likely aware, it’s not just the U.S. that is seeing a booming used-car market. India, in particular, appears poised for “accelerated growth” — nearly 167 percent, to be more precise — on the pre-owned side. Bearing that in mind, Cox Automotive announced a strategic investment in a division of Mahindra Group that includes […] [Read More]

ADESA announced just before Thanksgiving that Heather Greenawald has been named its vice president of legal. ADESA indicated Greenawald will report to KAR Auction Services executive vice president, general counsel and secretary Becca Polak and to ADESA president and chief executive officer Stéphane St-Hilaire. In her new role, Greenawald will lead ADESA’s legal team and […] [Read More]