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With its 2015 Auction Achievement Awards, Enterprise Holdings has recognized 14 automotive auctions in the categories of whole-car auctions and damaged-vehicle auctions.
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Wholesale used vehicle prices increased slightly in August, bringing the Manheim Used Vehicle Value Index to 124.3. After a four-month decline, the prices have inched up in June, July and August.
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The two-day conference features Manheim's chief economist, the return of the Fleet Jam Session, a seminar by Facebook and a Manheim auction visit.
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Wholesale used vehicle prices slightly increased in July, bringing the Manheim Used Vehicle Value Index to 124.1. After a four-month decline, the prices have inched up in June and July.
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Ray Waltz, Automotive Finance Corp.'s new director of business development, will help AFC build upon inventory financing in specialty segments, including car rental.
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In addition to a greater supply of off-lease units, both ADESA and Manheim report a greater percentage of older, higher mileage rental risk units as driving down prices in wholesale channels.
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Manheim’s chief economist highlights a conference agenda that includes the return of the Fleet Jam Session, a presentation by Facebook, awards presentations and a Manheim auction visit.
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Wholesale used vehicle prices declined in May, according to both Manheim Consulting and ADESA. Auction prices for rental risk units were down more than 10% from a year ago, according to Manheim.
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Wholesale used vehicle prices fell 0.5% in March and dropped the Manheim Used Vehicle Value Index to a reading of 124.5, almost equaling a year ago (124.4). Rental resale vehicles remained above 45,000 miles, up 8% from a year ago.
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Manheim and several other remarketing industry partners will continue moving forward to develop a multiplatform bidding system in the wake of announcements by ADESA and ServNet Auctions dropping out of the planning process.
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