Manheim

Next phase of multiplatform sales? Hold your horses

12:01 am U.S. ET | Nov. 24, 2014
Remarketers, auto dealers and others had hoped to hear at a remarketing conference this month about when the next stage in online multiplatform auction selling would arrive. But when Jay Cadigan, who represents Manheim in conversations with other key players hammering out details of the initiative, was asked about its timeline, he demurred....
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Manheim stocks used cars for Sonic

12:01 am U.S. ET | Nov. 17, 2014
Sonic Automotive is contracting with Manheim to buy and stock used vehicles at a new-car store near Denver as part of an unprecedented pilot program....
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Cox Automotive to buy Xtime for $325M, enters service software business

3:30 pm U.S. ET | Nov. 11, 2014
Cox Automotive has agreed to pay $325 million in cash to buy Xtime, a leading provider of service scheduling and workflow software to dealerships, the companies announced today. The deal is expected to be completed in the next few days, said Keith Jezek, software division president at Cox Automotive....
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Pickups defy fall in used-vehicle prices

1:59 pm U.S. ET | Oct. 10, 2014
In September, overall used-vehicle prices fell for the fifth month in a row, but prices of used pickups rose sharply. It’s all part of a healthy overall market, said Tom Webb, chief economist at auction giant Manheim....
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New NAAA chief steps in as volume steps up

12:01 am U.S. ET | Sept. 22, 2014
The past few years have been rough for the auto auction industry. But things are looking up, said Ellie Johnson, president-elect of the National Auto Auction Association....
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Manheim rolls out program that lets dealers return vehicles

12:15 pm U.S. ET | Sept. 11, 2014
Dealers who buy almost any vehicle at a Manheim auction location also can purchase the right to return those vehicles for any reason for up 21 days or 500 miles, whichever comes first. The nation's largest auto auction company is now offering optional protection from DealShield, its sister company, that guarantees the purchaser a 100 percent refund of the purchase price plus buyer's fees if they choose to return the vehicle....
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Manheim enters high-tech lane

12:01 am U.S. ET | Aug. 25, 2014
Manheim, the nation's largest auto-auction company, is spending $100 million over three years to give every aspect of its operations a high-tech makeover....
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Manheim enters Brazil with acquisition of auction company CarBizz

2:51 pm U.S. ET | Aug. 13, 2014
Manheim, the largest auto auction company in the United States, has expanded its global operations into South America with the acquisition of Brazilian auction company CarBizz....
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AutoTrader, Manheim rebrand under 1 entity

12:01 am U.S. ET | July 28, 2014
Manheim and AutoTrader Group, a collection of digital automotive marketing and software companies, are now part of Cox Automotive, according to signage and employees representing the various properties at a recent trade show in Florida. Sandy Schwartz, president of Manheim and AutoTrader Group, leads the new entity....
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JAMES B. TREECE

GM, Manheim kiss and make up

3:15 pm U.S. ET | July 25, 2014
About four years after a spat strained their business relations, GM and auction company Manheim are starting to kiss and make up....
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Used-vehicle prices soften, demand strong

12:01 am U.S. ET | July 14, 2014
Used-vehicle prices are beginning to soften as more units come off lease, but they remain above last year's levels and aren't depreciating as fast as in pre-recession days....
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Retail demand, favorable credit keep wholesale used-vehicle prices high

4:29 pm U.S. ET | July 8, 2014
Wholesale prices of used vehicles in June fell 1 percent from the previous month’s level but were 4 percent higher than in June 2013, according to the Manheim Used Vehicle Value Index released today....
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Used-vehicle prices rise on strong retail demand, fewer off-rental units

9:33 am U.S. ET | May 8, 2014
Strong retail demand for used vehicles helped lift wholesale prices of used cars and trucks in April, defying market expectations, the nation's largest auction company said....
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New-vehicle sales driven by off-lease volume, Manheim analyst says

7:42 am U.S. ET | April 8, 2014
New-vehicle sales increases are being supported by consumers returning to the market as their vehicle leases expire, not just pent-up demand from the recession years, said Tom Webb, chief economist at Manheim....
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VW, DealerMatch create dealer marketplace online

12:01 am U.S. ET | March 24, 2014
Volkswagen of America and a Manheim corporate sibling have developed an online marketplace for VW dealers to buy and sell used vehicles among themselves for a flat monthly fee....
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New panel to oversee tech shift for auctions

12:01 am U.S. ET | March 17, 2014
The auto auction industry is moving closer to a major change as rival auctions are looking into listing used vehicles for sale simultaneously on competitors' online remarketing platforms....
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Income tax refunds, easy credit buoy used-vehicle prices

3:16 pm U.S. ET | March 7, 2014
Used-vehicle prices, bolstered by consumers using their income tax refunds to buy used cars and trucks, rose 0.8 percent in February from January and 1.1 percent from February 2013, the Manheim Used Vehicle Value Index showed today....
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Report: CPO sales could double in 3-5 years

12:01 am U.S. ET | Feb. 24, 2014
U.S. new-vehicle sales slipped in January, but certified used-vehicle sales ushered in the new year with double-digit percentage increases....
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2 groups sign exclusive deals with Manheim

12:01 am U.S. ET | Feb. 3, 2014
Sonic Automotive Inc. and Hendrick Automotive Group have signed or extended agreements that make Manheim, the nation's largest vehicle auction company, those groups' exclusive provider of remarketing services. The deals also include technology to help centralize the groups' processes for wholesaling vehicles by eliminating the need to send a representative to a physical auction....
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Manheim adds 16 auctions to program that waives online fees

9:24 pm U.S. ET | Jan. 28, 2014
Manheim has added 16 auctions in its Southeast and Texas markets to a program that aims to assist dealers to whose access to physical auctions might be hampered by harsh winter weather....
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Manheim's DealerMatch sibling grows as it sidesteps auctions

12:01 am U.S. ET | Jan. 27, 2014
DealerMatch has upped its base price, launched optional enhancements and more than doubled its paying members from last summer....
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Manheim’s DealerMatch sibling grows as it sidesteps auctions

1:40 pm U.S. ET | Jan. 25, 2014
DealerMatch, the corporate sibling to Manheim that helps dealerships buy and sell used vehicles among themselves while avoiding the auctions that are the core of Manheim’s business model, has upped its base price, launched optional enhancements and more than doubled its paying members from last summer....
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Get ready for a flood of off-lease cars

12:00 pm U.S. ET | Jan. 25, 2014
New vehicles retailed through leases nearly tripled to 3.2 million vehicles in 2013 compared with 2009, making it imperative that the industry hone remarketing processes to handle the increased off-lease vehicle volume expected over the next couple of years, says an annual report on the used-car industry....
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Manheim: Used-car prices will stay healthy

12:01 am U.S. ET | Jan. 24, 2014
Used-vehicle prices could fluctuate at times this year but are expected to remain healthy overall, Tom Webb, Manheim's chief economist, said. Webb said the market fundamentals that kept used-car prices relatively high last year -- such as employment growth, readily available retail financing and strong retail used-car demand -- are expected to remain mostly unchanged in 2014....
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2014 AUTOMOTIVE NEWS WORLD CONGRESS

Buyers want to click, and kick, the tires

12:01 am U.S. ET | Jan. 20, 2014
Dealers and consumers increasingly will shop for and buy vehicles using digital platforms, but brick-and-mortar dealerships and auto auctions are here to stay, says Sandy Schwartz, president of Manheim and of AutoTrader Group....
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