News
Surprice Opens Two Rental Branches In Japan
The launch highlights the global car rental operation’s growing presence in Asia.
Read More →
MENU
SEARCHMENUSEARCHThe launch highlights the global car rental operation’s growing presence in Asia.
Read More →
Manheim has closed its Puerto Rico facility and will close four of its Florida auctions on Friday ahead of Hurricane Irma's expected landfall in Florida over the weekend, according to the company.
Read More →
Greg Thibault will retire as Avis Budget’s vice president of fleet disposal after 20 years of leading Avis Budget’s auction sales and wholesale turn-back process with manufacturers.
Read More →
Car and truck segments saw lower overall depreciation rates last week, according to Black Book's Sept. 4 Market Insights report.
Read More →
According to Black Book, the rental industry will be affected first with the supply challenge, as thousands of residents will need to find immediate replacement of personal transportation.
Read More →
The car segment saw a week-over-week rise in depreciation while the truck segment saw a lower depreciation rate last week, according to Black Book’s Aug. 28 Market Insights report.
Read More →
Manheim has updated its vehicle valuation tool, the Manheim Market Report (MMR), to provide more detailed valuations of used vehicles to increase transparency and improve the remarketing process, the company announced.
Read More →
J.D. Power will begin offering its monthly Used Vehicle Price Index that tracks current and estimated future movement of wholesale used vehicle prices at the industry and segment level, the consultant and data provider announced.
Read More →
Jay Cadigan will retire from Manheim, capping a 40-year career in the remarketing industry that included stints at auctions, as well as leasing companies and rental car operators.
Read More →
The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1, according to the firm.
Read More →
Average wholesale prices in June were down vs. June but up vs. a year ago. A drill down into the data, however, reveals price softening on a year-over-year basis when accounting for sales type, vehicle age, model class, and mileage, KAR Chief Economist Tom Kontos said today.
Read More →