Sonic Streamlines Auction Process with Manheim’s Remote Seller

Sonic Automotive recently teamed up with Manheim to seek a solution to streamlining their wholesale marketing auctions. Manheim recommended Remote Seller, which gives Sonic’s Retail Trade Center the ability to rep cars remotely from Sonic’s centralized location in Charlotte, N.C. This allows Sonic to buy and sell vehicles at the same time, at the same […]

Used Car Prices Softening, But it’s Still a Healthy Market, NADA Says

Used cars should get cheaper in 2014 after five years of consistently rising prices, but it’s not an indication of a bursting bubble, NADA Used Car Guide’s Jonathan Banks said at the National Automobile Dealers Association annual conference. Used car prices are about 10% higher than the average price during the past two decades.

Manheim’s Annual Report Shows Strong Market and Challenges Ahead

Manheim's Chief Economist Tom Webb gave a presentation at the NADA conference from the 19th annual Used Car Market Report.

Labor market and credit condition improvements are helping to build sustained vitality in the new and used vehicle marketplaces.

Auction participants are going through more pressure to adopt technologies allowing them to buy and sell vehicles through online, simultaneous multi-platforms.

Used Car Sales Volume Sluggish on Dealer Lots in January

Art Spinella President CNW Research There could be another solid year in new vehicle sales with the total rising 3.5% to 6% as stability increases in the new-car intender base. It’s likely to be around 800K additional new vehicles sold this year over 2013. It’s harder to predict where used vehicle sales are headed this […]