Auctions That Grew Through a Tough Year
The Conference of Automotive Remarketing will feature examples of auction companies that not only survived the decreasing vehicle volumes during the pandemic but expanded their business.
The Conference of Automotive Remarketing will feature examples of auction companies that not only survived the decreasing vehicle volumes during the pandemic but expanded their business.
On a year-over-year basis, all major market segments saw seasonally adjusted price increases in April.
Velocicast technology fortifies simulcast capabilities and enhances customer experience.
Vehicle Transport simplifies complex logistics management, enables time and cost efficiency, and reduces risk automakers, dealers and fleets.
Data shows strength in dealers bidding and buying across physical locations, Simulcast, Manheim Express, Manheim.com and OVE.
Figures remain down 16% from year-ago level.
Strong spring sales thanks to tax refunds and stimulus checks depleted the supply.
John Brasher has worked for some well-known names in the industry.
Wholesale used-vehicle prices increased 3.74% in the first 15 days of March compared to the previous month.
Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
Wholesale values continued their ascent in the final weeks of February, with nearly all reporting segments experiencing gains.
With the completion of this rollout, Enterprise’s customers now have the flexibility to complete their used car purchase either by starting their purchase from the comfort of home (with delivery, where available) or completing their purchase at any of Enterprise Car Sales’ 147 U.S. locations.
The latest trends in the key indicators suggest used vehicle values are likely to continue to see appreciation in the days and weeks ahead.
Wholesale prices continued to gain strength for the first week of February in what Black Book Market Insights said is starting to look like the beginning to an early start to the Spring market.
According to the mid-month Manheim Used Vehicle Value Index average mileage for rental risk units in the first half of January — 49,800 miles — was down 3% compared to a year ago and down 4% month-over-month.
The 2016 Conference of Automotive Remarketing (CAR) took place March 16-17 at Caesars Palace, Las Vegas. Now in its 21st year, CAR delivered high-quality discussions and information on subjects ranging from automating the if-bid system to how to maximize auction earnings to a look forward to residual values for 2016-2017. In addition, attendees had plenty of opportunities to network and build their personal and professional connections. Photos by Chris Wolski and Steve Reed.
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