Manheim Adds White Glove Concierge Service to App as Part of $100 Million Investment

Auto auction Manheim is investing $100 million through 2019 to bolster the capabilities of its digital services and apps, the company announced this week. Coinciding with the announcement is the enhanced launch of Manheim Express, a mobile marketplace for wholesale vehicle buyers and sellers. Enhancements will include “full-service concierge service” for app users. Users will […]

• Monica Melton
• October 10, 2018
• Innovation & Mobility, Operations, Strategy, Technology

Record High Price Trend in Used-Vehicle Market Set to Cool This Fall

The wholesale market saw an unusual uptick in the price of vehicles this past quarter. Manheim documented an abnormal appreciation trend starting in June and running through September. Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.14% month-over-month in September, according to Manheim. This represents a record high and brought the […]

• Monica Melton
• October 8, 2018
• Operations, Strategy

Used Vehicle Values Experience ‘Abnormal’ Appreciation, Manheim Says

Wholesale used vehicle prices increased 6.4% despite an expected depreciation, bringing the Manheim Used Vehicle Value Index up to 139.7 — the highest index level seen in the series’ over 20-year long history, Manheim announced Monday morning. Two main factors are contributing to the “abnormal” price appreciation, Manheim notes. First, it is a function of […]

• Nicole Casperson
• September 10, 2018
• Operations, Strategy

Used-Car Values Hold Up Despite Forecasted Depreciation

Analysts have predicted high depreciation rates in the used-car market for more than a year now, but those forecasts have yet to come to fruition. In July, Manheim registered its highest level ever in its used-vehicle value index — reporting values at auction are up 5.1% year over year. Black Book’s used-vehicle index uses a […]

• William Hoffman
• August 15, 2018
• Risk

Used-Vehicle Prices Rise as Sales Soften, Manheim Says

Wholesale used-vehicle prices increased 4.9%, bringing the Manheim Used Vehicle Value Index up to 134.2. However, this year-over-year change is the lowest percentage seen since August 2017, Jonathan Smoke, chief economist of Cox Automotive and compiler of the Manheim Index, told Auto Finance News. Meanwhile, used-vehicle sales volume decreased 1% year over year, but the annualized […]

• Nicole Casperson
• June 11, 2018
• Strategy

Carvana Adapts to High Demand with Manheim Inventory

Carvana and Manheim’s relationship has expanded further, thanks to a new partnership announced today between the two companies. The move was sparked by Carvana’s rising retail demands. As part of a new agreement, Carvana can buy and sell cars on Manheim’s auction platform. Carvana uses suppliers like Manheim — and purchases from the general public — to establish […]

• Nicole Casperson
• May 30, 2018
• Strategy, Technology

Efficient Lending Could Grow Used Market 30%, Economist Says

DALLAS — Used car sales could jump to 52 million units a year, up from 40 million in 2016 — a 30% increase — if lenders and dealers are able to drive more efficiency into the lending process, Tom Webb, Manheim Consulting’s chief economist, said during a presentation at the Nonprime Auto Financing Conference.   […]

• William Hoffman
• June 2, 2017
• Operations, Strategy

Is That the Smell of Compounding Risk?

If you only looked at GM Financial’s origination volume last week, you would think auto finance was continuing on its boom-time ways. GMF grew its North American originations 19% last quarter to around $11 billion, according to company earnings released last Friday. Sing Hallelujah! Well, don’t lose your voice yet. There is a wellspring of heightening […]

• JJ Hornblass
• May 2, 2017
• Capital Markets, Credit Performance, Earnings, Operations, Risk, Strategy