Auction industry technology leader Xcira released a statement on its contributions to the auction industry. Its pioneering run with innovation began in 2000 with its first patent that enabled individuals to participate in live auctions from remote locations through internet portals. Xcira’s solution to challenges faced by bidding came through its Automatic Condition Evaluation System (ACE), which gives remote audiences the ability to look at and evaluate a vehicle from a variety of sources not available on the auction floor; its OnLine Ringman has been a more recent offering in auction services with its live audio and video technology.
Art Spinella President CNW Research March ended much better than had been expected for used vehicle sales in CNW Research’s latest Retail Automotive Summary. Spinella’s March sales figure report saw volumes increase more than 50% over weather-impacted February. That jump happened across all three used retail channels – Franchised, Independent, and Casual sales. Year-over-year, retail […]
Tom Webb Chief Economist Manheim Consulting While weather conditions were harsh in sections of the US earlier this year, used vehicle values increased during Q1. The Manheim Used Vehicle Value Index increased 2.2% during the quarter and was 3.3% higher than a year ago. Tax refunds in late March were up 3% over last year, […]