Wholesale

Beginning Saturday, Manheim is hosting a series of online event sales intended to help dealers navigate their hectic holiday schedules. The specials include the Year End Online Event Sale presented by Ford, a special offer on fees from Hertz and more than 1,000 units offered by Toyota. What Manheim believes is Ford’s largest event of […] [Read More]

After six years of managing captive programs for Porsche, Saab and Jaguar at Midland Automotive Finance Corp. (now HSBC), and 11 years as vice president of business development and marketing for Remarketing Services of America (now a part of Fiserv), Cindy Heximer has returned to the auto sector. [Read More]

There have been “some positives” spotted in the wholesale arena as of late, and while the market last week showed a relatively high average number for  daily value adjustments, the degree of change in wholesale prices was the lowest in almost three months, according to Black Book’s Ricky Beggs. [Read More]

On Monday, Toyota USA announced it’s conducting a voluntary safety recall of about 94,000 Sienna vehicles from the 2011 model year. The vehicles involved were produced prior to early November 2010. The automaker plans to replace the stop lamp (or brake light) switch bracket. [Read More]

In a widespread decline that impacted three out of four major vehicle segments, November’s wholesale pricing saw a 3-percentage-point decline on both a year-over-year and month-over-month level, according to the latest OPENLANE Market Index report. Specifically, OPENLANE’s U.S. Market Index was 125 for the month, down from 128 in October. Breaking it down by segment, […] [Read More]

There was a “new high” in wholesale prices during November as the market experienced its third straight month of wholesale gains, according to Manheim’s Tom Webb. He expressed a bit of skepticism when discussing the popular notion of a “ceiling” on used-car prices caused by trends on the new side. Specifically, the Manheim Used Vehicle […] [Read More]

JMN Logistics recently launched an enhanced version of its website so customers can find the quote tool on every page for added convenience. Company officials also pointed out the revamped site provides customers with the chance to quickly navigate areas and information about vehicle shipping, quoting and placing orders, as well as up-to-date news about […] [Read More]

The National Independent Automobile Dealers Association said late last week that its National Member Benefits Program and the CARCO Group have struck a deal to help association members be certain that vehicles for sale on their lots have clean records. CARCO powers the CheckThatVin website. This portal taps into the National Motor Vehicle Title Information System to obtain a […] [Read More]

Dollar Thrifty Automotive Group revealed this week that it has a new chairman. Replacing Thomas Capo in the position is Richard Neu. The change took effect immediately. In addition to stepping down from the chairman post, Capo also told the company he plans to retire from the board of directors. Capo — who has been a director […] [Read More]

Manheim Specialty Auctions and Titan Certified announced they have joined forces to offer certified inspections for the auction company’s specialty customers. This process will kick off with RVs. Certified inspections will be available for RV units sold at select Manheim Specialty locations as well as online, and will expand to include boats, motorcycles, powersports, heavy […] [Read More]