Manheim auctions get high-tech makeover

Manheim has wrapped up a three-year, $100 million high-tech makeover of its physical auctions, re-engineering every process and replacing old technology.


Auto auction app uses machine learning to aid inspections

TradeRev-H, an enhanced version of the TradeRev app for one-hour online auctions, can change how vehicle inspections are done.

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MORE USED CAR NEWS SALES MARKETING
UPDATED: 6/22/18 4:22 pm ET - adds stock close
CarMax profits rise on tax-rate change

CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.

Small used-car prices rise unexpectedly

Prices for small used cars are climbing to unexpected levels- a sign that demand is growing as price-sensitive consumers face dwindling options in the new-car market.


COMMENTARY: Keith Crain
Everyone finds the hidden jewels

My guess is that it has been going on for years — new-car dealers have been making more money on used cars than new. It has been the industry's great secret.

Losing money on used cars? Yes and no

NADA Data figures showing that the average franchised dealership lost money on used cars in 2017 may overstate the case, but the squeezing of margins is real.


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