Manheim announced two major deals with two of the country’s largest dealership groups at the NADA Convention & Expo in New Orleans. The auction company was selected to be the exclusive remarketing partner of Hendrick Automotive Group, the nation’s second-largest privately held dealer group; and in separate news, Manheim has teamed up with Sonic Automotive […] [Read More]

The number of leases written in 2013 marked a 13-year high and a 26-percent year-over-year hike, according to the 2014 Used Car Market Report from Manheim. The report said there were 3.2 million lease originations in 2013; comparatively, when the market bottomed out in 2009, there were only about 1 million leases. Manheim also noted […] [Read More]

It might be a bit off-putting to hear that your customer base is looking for ways around your traditional business model.  But in the case of the wholesale auto auction business, it may mean the chance to serve your customer base in a brand new way. That’s the way that Manheim executive vice president and […] [Read More]

Though tax season will most likely ramp prices up in the near future, for the time being, winter weather is contributing to a “softer” auction market. Black Book’s Ricky Beggs reported both the car and truck segments saw larger price declines last week than experienced during the last few weeks of 2013. The car segments […] [Read More]

Dealers Auto Auction of the Southwest announced a new tool to give auction employees specific bilingual skills. The enhancement to the auction’s 360 Customer Service Program is called “Somos El Subasta,” said DAASW vice president and former NAAA President Jim DesRochers. The company explained the learning process is casual, “with peer groups having coffee and […] [Read More]

More control and better efficiency for auto transport customers are the goals of enhancements announced this week by Manheim, regarding its transportation solution. On Thursday, Manheim reported changes including full service transportation quotes, management of full-service transportation orders and 1Dispatch registration for self-managed orders. All of these improvements put customers in control, the company said, […] [Read More]

Boosting credibility to smooth the move from online shoppers to offline buyers is the goal of the Kelley Blue Book Price Advisor Report, a new tool meant to help dealers bring third-party credibility to their used-vehicle pricing, promotion and sales processes. vAuto Genius Labs announced the upcoming release of the Kelley Blue Book Price Advisor […] [Read More]

ServNet is looking to gain even more traction with import-brand vehicles this year, and it appears the auction group is well on its way. For one, Toyota Financial Services has entered an agreement to sell off-lease units at ServNet-member auction DAA Northwest, and American Honda Financial Corp. will remarket vehicles at Brasher’s Sacramento Auto Auction, […] [Read More]

As tax season begins, dealers may be starting to see the expected value increases that coincide with this time of the year in the lanes. Last week, the percentage of auction price changes that were increases rose to 21 percent, according to Black Book editorial director and senior vice president. Ricky Beggs. In the latest […] [Read More]

As part of a deal announced this week, Dealers Auto Auction of the Southwest will offer a Carfax report with every vehicle at its weekly sales starting Feb. 2. The reports will show red, yellow and green highlights on each car crossing the block and will be provided at no cost to buyers or consignors. […] [Read More]