Manheim Used Car Market Report – 2014
Manheim Used Car Market Report – 2014
Dealer Remarketers Need to Go Old School and New Tech
Did you hear that Hendrick Automotive Group just chose Manheim as its exclusive remarketing partner?
Hendrick Automotive, based in Charlotte, NC, owns several new vehicle brands – most notably Acura, BMW, GM divisions, and Honda. Used vehicles are highlighted right up there with new by Hendrick on its website. New and pre-owned vehicles are both getting a lot of focus these days, as is the case for most franchised new vehicle dealers.
In this day of mobile devices, upstream remarketing, online auctions, and inventory management, wouldn’t you say that physical auctions might sound a bit….. old school?
So why would the nation’s second largest privately held dealership group make this deal?
Here are a few used vehicle market trends that might answer these questions…..
ARI Moves Into the European Market
ARI has made the decision to move into the European market -- and they've started by acquiring Fleet Support Group and successfully bringing them into the ARI family.
One of NAFA’s Key Advantages: Careers and Networking
NAFA offers a host of advantages for its members -- and one of its greatest benefits is a career center where you can find other jobs within the industry.
Surprising Super Bowl Stats!
As far back as 2003, a study of U.S. collision data performed by University of Toronto researchers found:
- A 41% increase in motor vehicle collisions in the hours following the Super Bowl
- The first hour immediately following the Super Bowl was the worst, with the collision rate jumping 70%
- The largest surges in the collision rate occurred in the home states of the losing team
- Where the number of crashes increased 68% after the telecast ended,
- While collisions rose only 6% in the winner's state.
Janice Sutton
Executive Editor
