Background General Motors Acceptance Corp was sending 664,000 units to auction in 2000 In 2003, after a decline in lease originations and launch of GMAC SmartAuction, number dropped to 198,000
Posting the largest one-month gain since July 1998, Manheim's Used Vehicle Value Index hit 106.6 in March. All eight major market classes were pushed into positive territory relative to a year ago.