Americans replacing vehicles lost in Hurricanes Harvey and Irma pushed used-vehicle prices higher in September. In a related move, Manheim has refined its estimates of vehicle losses caused by those hurricanes. Wholesale used-vehicle prices increased 2.8 percent from August. The Manheim Used Vehicle Value Index — which measures wholesale prices adjusted for vehicle mix, mileage … Continued

RMS Automotive and Manheim (divs. Cox Automotive) announced the launch of a new co-listing capability designed to give independent dealers access to all open sale vehicles listed on RPM, the Nissan and Infiniti digital sales platform powered by RMS Automotive. The open sale inventory on RPM will be simultaneously co-listed on Manheim.com and OVE, Manheim’s … Continued

Many dealerships have a promotional moniker to distinguish itself in their market; for example touting the biggest selection of used vehicles. Hireology chief executive officer and co-founder Adam Robinson recommended that stores also generate a local reputation that helps the rooftop generate quality “ups” who could be high-performing, long-term employees. Robinson described the importance in … Continued

By Nick Carey — DETROIT, Sept 28 (Reuters) – The two storms that battered southeast Texas and Florida in the past month have given U.S. automakers a reprieve from two problems that have cast a shadow over the price of their shares all year: bulging new-vehicle inventory and an oversupply of nearly new, off-lease vehicles. … Continued

By Mike Burgiss — The automotive industry is in a frenzy over selling cars online. Pure online retailers and rising consumer expectations are applying enough pressure for traditional dealers to know that they have to add the online option for car buyers. However, when dealers hear Cox Automotive Chief Economist Jonathan Smoke say that we … Continued

Franchise dealers now view the pre-owned market more optimistically than the new-vehicle market, according to a new sentiment index from Cox Automotive. The finding speaks to the current shift of car buyers with prime and subprime credit toward the used market. The shift comes as the average new-vehicle loan payment reached a record $504, about a $139 … Continued

Joe Gumm with CBT News sits down with Isabelle Helms, vice president of Research and Market Intelligence at Cox Automotive, to hear about the key findings from the 2017 Dealership Staffing Study. In particular, there is one expensive issue — to the tune of $5 billion — that’s preventing dealerships from reducing costs and maximizing … Continued

Job seekers are willing to work at dealerships — but not selling cars. “Any role, other than salesperson, creates a lift in interest” among job hunters asked about working in auto retailing, said Isabelle Helms, vice president of research and market intelligence for Cox Automotive in Atlanta. That is one finding in a new study by … Continued