To say that 2020 has been a year like no other is a true understatement, from a global pandemic and social and political unrest to devastating wildfires and a hurricane season that is already one for the record books.  On top of all that, before anyone had ever heard of COVID-19, Manheim was planning to […] [Read More]

The adoption of innovative technologies is helping to propel dealerships through turbulent times and is fast becoming the new way to do business. From inventory management to virtual-based retailing, dealerships are now effectively tapping into markets that were once untouchable and improving the customer experience like never before.    How does the wholesale vehicle sector […] [Read More]

The HGregoire Nissan Vimont and HGregoire Nissan St-Eustache dealerships have received the Nissan Global Excellence Award, which is based on after-sales customer service, after-service customer care, revenue growth, and market share gains. The company says the award is “prestigious” and that a select group of dealerships worldwide receive the award in recognition of their strong […] [Read More]

Used-car prices are up. Consumers have multiple sources to choose from for buying a used car. In that environment, consumers should examine all their options when trying to save money and find the best deal on a used vehicle. To help, car search engine iSeeCars.com conducted a study analyzing more than 8.5 million used-car sales […] [Read More]

The streak of record wholesale vehicle prices looks like it might stop at three months. The latest mid-month reading of the Manheim Used Vehicle Value Index — which reached all-time highs in June, July and August — came in at 162.3.  The index finished August at 163.7. In an analysis accompanying the report, parent company […] [Read More]

Wholesale auction sales reached a bit of a slow patch at the end of summer. The week ending Sept. 13 marked a decline in auction sales volume of vehicles up to 8 years in age, according to a Used Market Update report from J.D. Power. Specifically, there were 86,000 units wholesaled that week, down from […] [Read More]

Luxury electric vehicle producer Karma Automotive will introduce a new name for a family of vehicles in 2021 called the GS Series, and the lineup will include Karma's first-ever battery-electric luxury sedan. The lineup will also include updated electrification options and technological advancements, and to facilitate orders, Karma created a new pre-reservation order site that […] [Read More]

For Manheim, 2020 began as an anniversary year, its 75th. And, of course, it still is. But for the auction company and wholesale auto industry at large, it has evolved into a milestone year in and of itself. What started as a year to commemorate a landmark from the past will arguably be looked upon […] [Read More]

Adapting to the situation presented by the coronavirus pandemic is on full display within the independent auction world. Russ Smith is owner and general manager of Dealers Auto Auction of Idaho, which recently joined ServNet Auctions. Smith felt the stress of when business life in just about every way came to an abrupt stop in […] [Read More]

The impact of COVID-19 on the electric vehicle market is more like a yellow light than a red light, according to a new whitepaper from Cox Automotive Mobility. Or as the analysis puts it, the hit to EVs will  be, “more of a stallout than a vanishing act.” The company released a whitepaper Monday titled […] [Read More]