Manheim and ADESA reopened their Florida auctions on Tuesday, as Hurricane Irma moved north toward Tennessee.
Auctions scramble as Harvey soaks Texas
As torrential rain from Hurricane Harvey keeps falling, the National Automobile Dealers Association and Cox Automotive are taking actions in an effort to support member dealerships as well as Manheim facilities and personnel in the region.
Used vehicle value index: The streak continues
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.75 percent month-over-month in July. This brought the Manheim Used Vehicle Value Index to 130.3, which was a record high for the third consecutive month and a 2.6 percent increase from a year ago.
Prices for one SUV segment soften in summer heat
As the temperatures spike outside, Black Book isn't quite seeing wholesale prices behave in the opposite extreme, which is sometimes the norm as we enter the remaining days of July.
Auction sales volume up 6 percent% in June
Auction sales volume wasn't quite as heavy in June as it was in May, but there was still a good bit more units pumping through the lanes this June than last. And through the first half of the year, the late-model segment, in particular, is up close to 8 percent.