To a casual observer, Manheim Detroit seems a bit chaotic. People scurrying between moving cars. People peering into and under the hoods of cars. Cars lined up as far as the eye can see. Manheim Detroit is part of the Manheim auction chain and what looks like chaos to the untrained eye in reality is one part of a vehicle-selling powerhouse ... [Read More]

Rivian has created a fertile environment for robust demand for the two new models it will launch in the next few years, Rivian CEO RJ Scaringe said at recent investment bank conferences. That means consumers looking to buy a used Rivian EV at a lower price than the current market offers will have more selection to choose from, but that used supply isn’t likely to appear until 2028 and beyond. Meanwhile, pre-owned Rivians already out there are ... [Read More]

Electric vehicles are one of two outliers when it comes to used-car price patterns, as their prices continue to fall amid growth in the overall pre-owned vehicle market the last three months. But the declines in used EV values appear to be approaching a plateau, according to an iSeeCars.com analysis, indicating that supply and demand […] [Read More]

With the used electric market poised to grow in coming years, CarMax — where website searches for EVs have more than doubled since January 2022 — is taking steps now to become the leader in that space. The used-car retailer announced a series of initiatives on Wednesday designed to improve the used EV buying and ownership experience, including measures around EV education, battery health assessment and at-home charging, and tax rebates. Those steps include ... [Read More]

There has been a spark in the used hybrid and electric vehicle market this month. After two years of consistent slowdowns, the segment has shown the most month-over-month retail price growth of any vehicle category in the latest Carfax Used Car Index. According to Carfax, used hybrid/EV prices are ... [Read More]

n late March, as the auto industry scrambled to get its arms around President Trump’s tariffs on vehicles built outside of the U.S., Cars.com saw a “notable increase” in the number of dealers asking to demo and trial its AccuTrade used-car appraisal tool and its DealerClub used-car, dealer-to-dealer digital wholesale marketplace, said Sonia Jain, the company’s chief financial officer. AccuTrade has steadily expanded its user base and crossed the ... [Read More]

Pandemic-era new-car production cuts have trimmed late-model used-vehicle supply. Lease maturities have declined. Automakers have slowed discounts. This trio of market factors pushed average used-car prices in the opening weeks of May up $130 from a year ago to $29,168, according to analysis released Thursday by J.D. Power. Meantime, data from EpicVIN shows average used-car […] [Read More]

Companies that are key players in the used-car world recently presented at the J.P. Morgan Global Technology, Media and Communications conference. While their presentations touched on a wide range of topics, a common thread ran through them. Each highlighted value-added services that will help them thrive in a time of great uncertainty. The companies are Cars Commerce, CarGurus, ACV Auctions and Carvana ... [Read More]

Peter Kelly has said it before, and he said it again during OPENLANE’s first quarter 2025 earnings call on May 7: “OPENLANE is a digital marketplace in a relationship business.” “And the relationships that our customers have with our people and our products are critical to our long-term success,” said Kelly, who is CEO of OPENLANE. Kelly spent a good portion of the earnings call talking about how the company is ... [Read More]

Two months ago, AutoCanada unveiled its road map for the long drive toward financial recovery. Now the Edmonton-based dealership group says it has turned onto the entrance ramp and is at last on the road. During last week’s first quarter 2025 earnings call, executive chairman Paul Antony said AutoCanada is “firmly on track” to ... [Read More]