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Last updated on April 24, 2014 at 21:24 EDT

Latest Vehicle remarketing Stories

2014-04-07 12:22:47

Despite Harsh Weather, Insurance Vehicle Replacements and Tax Refunds Keep Demand High ATLANTA, April 7, 2014 /PRNewswire/ -- Used vehicle sales for dealers went from good to even better in the first quarter of the year with strong demand that held up through the harsh winter. The Manheim Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and season, increased 2.2% during the quarter and was 3.3% higher than a year ago. Tax refunds as of late March were up 3%...

2014-01-25 12:20:11

Manheim Chief Economist Tom Webb Analyzes Industry Trends, Outlook for 2014 NEW ORLEANS, Jan. 25, 2014 /PRNewswire/ -- With labor market and credit conditions continuing to improve and expected to maintain an upward trajectory in the year ahead, the environment is ripe for sustained vitality in the new, used and wholesale marketplaces. These and other trends are explored in detail in Manheim's 19(th) annual Used Car Market Report, unveiled today by Manheim chief economist Tom Webb at the...

2013-10-07 12:20:40

High Leasing Volumes Likely to Ease Pricing in Subsequent Quarters ATLANTA, Oct. 7, 2013 /PRNewswire/ -- Manheim today reported that wholesale used vehicle prices in the U.S. rose in the third quarter of 2013, reversing course from the previous quarter. Prices increased in each of the three months of the quarter, with August marking the biggest monthly gain since the impact from Hurricane Sandy at the end of 2012. Pricing was up slightly year over year. The findings were part of the company's...

2013-10-03 16:20:57

Manheim Georgia Location Celebrates 5th Anniversary of Water Conservation Center ATLANTA, Oct. 3, 2013 /PRNewswire/ -- At a local event held today, Cox Enterprises and its Manheim Georgia auction operation celebrated the fifth anniversary of its Water Conservation Center. The event was attended by company leadership, local officials and representatives from environmental nonprofits. The Water Conservation Center opened in 2008 during the region's historic drought. The Center continues to...

2013-07-08 12:20:31

Chief Economist Tom Webb Links Sales of Used Vehicles to Improving Employment ATLANTA, July 8, 2013 /PRNewswire/ -- Manheim today reported that the used vehicle market in the U.S. remained strong in the second quarter of 2013. Although wholesale prices fell three percent year-over-year, the movement was consistent with prior expectations and it brought wholesale values in better alignment with retail new and used vehicle prices. The company reported its findings during its quarterly...

2013-02-26 08:20:16

Key element is access to robust online auction platform for the efficient procurement of motor vehicles MANASSAS, Va., Feb. 26, 2013 /PRNewswire/ -- Today, the Automotive Recyclers Association (ARA) officially announced that its subsidiary, ARA Product Services LLC has reached an agreement with Alteso Group of Companies (Langhorne, PA) to provide ARA members and ARA affiliated state organization members a robust online auction platform for the efficient procurement of motor vehicles....

2013-02-09 12:21:03

ATLANTA, Feb. 9, 2013 /PRNewswire/ -- Virtually all segments of the U.S. automotive industry achieved stellar results in 2012 and the prospects for a bright 2013 look equally good, despite the sluggish overall economy, concludes Manheim Chief Economist Tom Webb in Manheim's 2013 Used Car Market Report (UCMR). In addition to commentary on industry trends in 2012 and an outlook for 2013, the 18(th) annual UCMR includes in-depth looks at industry segments including dealers, rental, leasing,...

2012-08-08 06:20:22

DETROIT, Aug. 8, 2012 /PRNewswire/ -- Automotive News, the premier source of automotive industry news and information, will open its doors for one week beginning August 13 to give anyone with an interest an insider's look at the latest news impacting the auto industry. During Automotive News' Free Online Access Week, subscriber-only content at www.autonews.com will be made accessible to non-subscribers. Also during the Free Online Access Week, Automotive News will offer an annual print and...

2012-08-06 06:20:11

DETROIT, Aug. 6, 2012 /PRNewswire/ -- SmartAuction, Ally Financial's online used vehicle auction, just sold its 4 millionth vehicle. Established in 2000, SmartAuction is a wholesale internet remarketing channel for dealers, rental car companies and other consignors seeking to sell or purchase quality used vehicles. "We're pleased to mark a milestone as significant as selling 4 million vehicles in a pure upstream online-only auction," said Steve Kapusta, vice president of SmartAuction....

2012-06-19 02:21:16

ATLANTA, June 19, 2012 /PRNewswire/ -- Manheim announced today the completion of photovoltaic solar installations at two of its auto auctions, Manheim Baltimore-Washington and Manheim Nashville to produce clean energy and reduce carbon emissions. "Manheim is committed to supporting conservation initiatives at all of our locations," said David Munnikhuysen, Manheim's vice president of operational analytics. "Improving and sustaining the environment ensures that we are good stewards for our...