SAN FRANCISCO (Jan. 13, 2022) – Spring Free EV, a financial technology company accelerating the adoption of electric vehicles (EVs) through innovative fintech products, and Cox Automotive, the world’s largest automotive service provider, today announced a formal agreement to help accelerate the deployment of EVs for fleets. Cox will supply pre-owned EVs that will enable … Continued
ATLANTA, Jan. 13, 2022 – In the early days of 2022, the Cox Automotive Industry Insights team lays out 10 trends that will shape the auto industry in the year ahead. Overall, the Cox Automotive team is optimistic for the industry. New-vehicle sales are expected to reach 16.0 million, an increase of more than 7% … Continued
ATLANTA, Jan. 7, 2022 – Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% month over month in December. This brought the Manheim Used Vehicle Value Index to a record high of 236.2, a 46.6% increase from a year ago. The non-adjusted price change, however, declined 1.1% from November, leaving … Continued
Auto Remarketing Podcast, Jan. 4, 2022 – In the first episode of the Auto Remarketing Podcast of 2022, Manheim president Grace Huang joins the show to look back at the big themes in the auction industry from 2021, while also outlining Manheim’s goals for 2022. Huang and Auto Remarketing editor Joe Overby discuss digital wholesale, electrification … Continued
UPDATED, Jan. 4, 2022 – Toyota beating General Motors in 2021 is a significant event and will be the dominant headline of 2021 sales reporting. General Motors had been the No. 1, top-selling automaker in the U.S. for generations, so Toyota on top is noteworthy. In all, we expect 2021 to finish near 15 million units, … Continued
Tha Auction Advocate, Dec. 20, 2021 – In part two of a podcast series on supply chain issues and the auction industry, Kevin Chartier from Manheim sits down with National Auctioneers Association Director of Marketing & Communications Erin Shipps to talk about the effects on the auto auction industry.
ATLANTA, Dec. 13, 2021 – With a historic inventory crunch and rising costs impacting the auto industry, U.S. dealer sentiment waned slightly in the fourth quarter but remains mostly positive and well above levels recorded in Q4 2020 and Q4 2019. The current market index reading of 60 in the most recent Cox Automotive Dealer … Continued
ATLANTA, Dec. 10, 2021 – Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarded its Rising Star Award to Amber Martin, director of community and business partnerships for Martin Management Group, headquartered in Bowling Green, Kentucky. Martin was chosen based on nomination criteria, including being under the age of 45 … Continued
UPDATED, Dec. 2, 2021 – Based on our data and reports from the industry, it’s clear that November auto sales were well below year-ago levels. The sales pace last month was likely closer to 13 million, below our forecast of 13.4 and significantly lower than November 2020’s pace of 15.9 million. Sales in November were … Continued
Auto Remarketing Podcast, Nov. 23, 2021 – Joe Kichler, vice president of Manheim Logistics, joins the Auto Remarketing Podcast in an on-site episode from Used Car Week earlier this month. Kichler and Auto Remarketing senior editor Joe Overby talk about Manheim’s partnership with DHL, the transportation space and much more.