Are car auctions still doing what car auctions do best – bringing vendors and purchasers together and independently facilitating the trade of vehicles?
Automotive online marketing specialist Search Optics is heading to the UK after 18 years of success in its US home market.
The average selling prices of part-exchanged 4x4s rose at Manheim’s auctions in February.
Data from the major motor auctions shows that ex-fleet stock is failing to reach the values of a year ago, although dealer part-exchanges are faring better.
The Retail Automotive Alliance (RAA) has renewed its remarketing deal with Manheim for a further four years.
The impact of disruptors in the digital environment and automotive retail will be dramatic in 2016, warns Julian Wheway, of Manheim Retail Services.
Manheim saw the lowest mileage ex-fleet cars for at least 12 months selling at its auctions in December, with vehicles sold having an average of 55,494 miles on the clock.
The average selling price for part-exchanged cars sold by Manheim in October increased by 5.2% (£177) year-on-year.
Listers has extended its agreement with Manheim as its solus remarketing provider.
Marshall Motor Holdings has renewed its exclusive remarketing deal with Manheim.
Values for ex-fleet cars sold by Manheim reached their highest levels for at least 12 months in September.
Manheim is planning to relocate its commercial vehicle specialist operation from Leeds to its 10-acre Shepshed auction site.
The increase in average used values of diesel cars in August was more than £200 higher than the rise in average values of petrol cars.
Manheim has raised £14,050 for charity from a fortnight of sale events, which celebrated the Ford Transit’s 50th birthday
Manheim is marking the Ford Transit’s 50th birthday with a fortnight of sale events from August 3 - 14 at its commercial vehicle auction centres and Manheim Online.
Used fleet vehicle values rose by 4.2% (£303) and were just above the same month in 2014, according to Manheim.
The average value of used cars coming into the market through dealer part-exchanges rose by 2.6% (£88) in June from the previous month, according to Manheim.
Used van prices rose by 5.7% (£259) in June compared to the previous month, while volumes were up by 38% over the same period in 2014.
Motor auction group Manheim reports that ex-fleet cars rose in price in April however dealer part-exchanges suffered a drop in value.
Manheim has launched a new mobile auction unit in the form of a Volkswagen Amarok Ultimate pick-up, at this year’s CV Show.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
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