ShipCarsNow aims to offer dealers and remarketers the ability to access auto transport quotes from their smartphones via its new mobile application. ShipCarsNow Mobile provides shippers with the ability to make quick, informed purchase decisions when buying wholesale inventory, noted the company. The application is available free of charge for iPhone and Android smartphones and will […] [Read More]

Following a relatively unusual week when both car and truck values decreased — something that had not happened in four months — the wholesale market again saw softness within each of the two major vehicle categories, according to Black Book managing editor Ricky Beggs. This time around, the change in car values was slightly moderate, […] [Read More]

BMW and Manheim recently rolled out a new company car distribution and processing center on the campus of the BMW Spartanburg assembly plant in South Carolina that will be used to deliver, recondition and redistribute the automaker’s company cars. Manheim Greer — a more than 20,000-square-foot center — held its grand opening even for employees […] [Read More]

With high used-vehicle prices and supply shortages making it difficult for independent dealers to find the right units to grab for their lots, Manheim’s Wholesale Institute recently offered 10 tips to increase efficiency during the buying and selling process. In an effort to help dealers gain a competitive edge in a difficult market, The Wholesale […] [Read More]

Last week, something was spotted in the wholesale market that hasn’t been seen in four months, according to Black Book. Managing editor Ricky Beggs said that there was an overall drop-off in the car segments’ values, certainly a rare occurrence in recent times. What’s more, this marks the first time in almost four months that both […] [Read More]

Used-vehicle values in May added to the string of historically lofty prices, according to RVI Group, but the used market is likely poised for slowdown. RVI is forecasting a 2.2-percent drop in used prices from current levels for the rest of 2011, officials said in the latest RVI Risk Outlook. This would be a change […] [Read More]

Automotive Resources International recently welcomed its area’s U.S. House representative to its global headquarters, connecting with the elected official whose family has history in the auto industry. ARI hosted Rep. Jon Runyan, who represents New Jersey’s 3rd District, so the congressman could gain a better understanding of ARI, parent company Holman Automotive Group, and the […] [Read More]

May wholesale values dropped more than 6 percent from April, according to the latest ADESA Canada Used Vehicle Price Index report, which indicated that every vehicle segment saw its auction price fall, something that has not happened in six months. More specifically, ADESA’s data — powered by ALG Canada — indicated that the index showed […] [Read More]

The wholesale market hit a five-week high for daily value adjustments last week and experienced the greatest overall decline in more than a month, according to Black Book managing editor Ricky Beggs. In fact, since mid-February, there have only been two other weeks that have exceeded the $29 decline shown last week, Beggs said in […] [Read More]

Manheim announced a strategic partnership with Renovo Services to begin selling repossessed vehicles directly from secured storage facilities across the country.  The recent agreement means Renovo will list its repossessed vehicles directly on OVE.com, allowing dealers faster access to vehicle inventory. Once a vehicle is purchased, it will be transported directly from one of Renovo’s […] [Read More]