Large Pickup Share of Total New Vehicle Sales

• Sales of new Large Pickups segment have grown by 68% since 2009
• New sales of large pickups bottomed out in 2009, falling to low of 1.11M units
• Sales began to recover steadily – by end of 2012, over 1.61M large pickups were sold

The Ride is Over in the Used Car Market

The last 4-5 years was the best used car market we’ve ever seen, but now the ride is over. Now an increased supply is putting downward pressure on price, but luckily there’s good retail demand.

NADA’s Report on Car Retention Sees Small Cars Doing Very Well

Jonathan Banks Senior Director NADA Used Car Guide NADA Used Car Guide’s latest “Perspective” special report digs into what’s been happening lately with passenger car retention. Subcompact cars have depreciated the least of any mainstream segment during the review period, earning an overall retention score of 54.4%. The Honda Fit had an average retention rating […]

Nick Peluso Becomes President of Manheim’s New Global RMS

Nick Peluso has been named president of Maheim’s new Global Remarketing Management System (Global RMS), an enterprise software system. Peluso moves from his current role as senior vice president of customer management. Tim McKinley has joined Manheim as senior vice president of sales; both management positions will become effective on April 1.

NextGear Capital and Manheim Take on Subprime with Go Financial

NextGear Capital and Manheim are going deeper into the independent dealer market through the acquisition of DriveTime’s Go Financial arm. Parent company Manheim signed a deal to purchase a stake in Go Financial, which expands its remarketing and dealer services and give NextGear Capital an additional foothold in subprime finance.