Ritchie Bros. Auctioneers is launching a bundle of new value-added services for its customers in the U.S., Canada and throughout the world. These new services — which include detailed equipment information, real-time auction results through its website, equipment financing, powertrain service warranties and property and cargo insurance — are geared to complement and further enhance the […] [Read More]

Canadian fuel costs reached almost a three-year-high in May, hitting $1.31 per liter. This was the priciest fuel in Canada since July 2008, when prices reached $1.39, according to RVI Group. But expensive gas did more than just cause a financial headache at the pump. It also had an impact on wholesale values, driving them […] [Read More]

The International Automotive Remarketers Alliance will commemorate its 10th anniversary when it convenes next month in Dallas for the annual IARA Summer Roundtable, which will include a host of industry leaders, such as Manheim Consulting’s Tom Webb and longtime General Motors executive Bob Lutz. The event is scheduled for Aug. 16-17 at the Westin Galleria […] [Read More]

Dealers realize every wholesale auction transaction whether in-lane or online centers on one key question: What’s the value of this unit? To give more clarity to that issue, Manheim recently introduced a new feature on OVE.com, allowing buyers to “make an offer” and suggest the value they think a vehicle is worth on designated Buy […] [Read More]

ShipCarsNow aims to offer dealers and remarketers the ability to access auto transport quotes from their smartphones via its new mobile application. ShipCarsNow Mobile provides shippers with the ability to make quick, informed purchase decisions when buying wholesale inventory, noted the company. The application is available free of charge for iPhone and Android smartphones and will […] [Read More]

Following a relatively unusual week when both car and truck values decreased — something that had not happened in four months — the wholesale market again saw softness within each of the two major vehicle categories, according to Black Book managing editor Ricky Beggs. This time around, the change in car values was slightly moderate, […] [Read More]

BMW and Manheim recently rolled out a new company car distribution and processing center on the campus of the BMW Spartanburg assembly plant in South Carolina that will be used to deliver, recondition and redistribute the automaker’s company cars. Manheim Greer — a more than 20,000-square-foot center — held its grand opening even for employees […] [Read More]

With high used-vehicle prices and supply shortages making it difficult for independent dealers to find the right units to grab for their lots, Manheim’s Wholesale Institute recently offered 10 tips to increase efficiency during the buying and selling process. In an effort to help dealers gain a competitive edge in a difficult market, The Wholesale […] [Read More]

Last week, something was spotted in the wholesale market that hasn’t been seen in four months, according to Black Book. Managing editor Ricky Beggs said that there was an overall drop-off in the car segments’ values, certainly a rare occurrence in recent times. What’s more, this marks the first time in almost four months that both […] [Read More]

Used-vehicle values in May added to the string of historically lofty prices, according to RVI Group, but the used market is likely poised for slowdown. RVI is forecasting a 2.2-percent drop in used prices from current levels for the rest of 2011, officials said in the latest RVI Risk Outlook. This would be a change […] [Read More]