• Pent-up demand may continue to bolster sales growth in months ahead for Toyota and Honda • Toyota and Honda have continued to maintain inventory well below their pre-earthquake levels • As of March 1 of this year, Japanese manufacturers had 46 days supply of vehicles available for sale, considerably less than the 61 days […]
Dr. Ira Silver National Auto Auction Association NAAA Economist NAAA Auction Industry Report – Q1 2012 Used retail car sales followed new sales up w/ year/year increase of 9.4% in 1st quarter. Expect used retail sales gains to moderate and are looking for about 4% increase this year to over 40M and a 5% increase […]
Digital marketing, mobile applications, and online upstream channels continue to make their way through the remarketing arena – Auction Genius and OPENLANE provide clear examples. Manheim has promoted its Manheim Digital head to a new position to expand the role – Joe George is now Senior Vice President, Digital and In-Lane Product Development. He remains […]
Tom Webb Manheim Consulting Chief Economist Manheim Monthly Index – April 2012 Auto industry has significantly outperformed overall economy in recovery, and pattern continued in April when new and used vehicle sales continued to show strength. Manheim Index was at 126.1, down slightly from March 126.2 in March and 126.6 in April 2011, though valuations […]
GE Capital Fleet Services today announced the launch of IntelliGauge, a mobile fuel and CO2 calculator application that allows users to compare components of their current vehicles against future vehicles. IntelliGauge is designed to help companies and consumers alike make smart decisions on their vehicle purchases. IntelliGauge is free to use and is optimized for […]