Manheim Forecast: Used-Vehicle Values Expected to Normalize in 2023 After Record Volatility
Following record increases in 2021, the Manheim Used Vehicle Value Index (MUVVI) ended 2022 at 219.3, a slight increase from November due to the seasonal adjustment, but down 14.9% year over year.
Docufree Acquires Document Intelligence Solution Provider DealerDOCX
Docufree announced the acquisition of DealerDOCX, a leading provider of secure end-to-end, cloud-based document-management solutions for the automotive industry.
Vehlo Names Automotive Software Veteran Ronda Lewis CRO
Lewis brings more than two decades of innovation, business development, and dealer advocacy in the automotive software space.
Effective One-On-One Meetings
These meetings are designed to help team members take ownership of their results and create a plan for improvement.
Manheim Used Vehicle Value Index Sees Another Strong Decline as Market Continues To Slow
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August.
Latest Manheim Used-Vehicle Data Shows Signs of Market Normalcy After Unprecedented Run in 2020 and 2021
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% in June from May.
Cox Automotive Retail Solutions Announces Leadership Team
Mandi Fang becomes the new senior vice president of Client Operations, and Tracy Noonan Fred becomes the new senior vice president of Dealer Solutions.
After Slow First Quarter, Manheim Forecasts Used-Vehicle Market To Accelerate in Months Ahead
Wholesale used-vehicle prices (on a mix-mileage and seasonally adjusted basis) declined 3.3% month over month in March. This brought the Manheim Used Vehicle Value Index (MUVVI) to 223.5, an increase of 24.8% from a year ago. The non-seasonally adjusted price change in March increased 0.6% compared to February, leaving the unadjusted average price up 23.2% year over year.
Customer Gateway Launches: Helps Bridge Digital Retail’s Online to In-store Gap
eLEND Solutions’ new platform is designed to accelerate transactions, remove online-to-in-store information disconnects and enable customers to do more remotely.
CarNow Launches Real Time Retail Platform with Supporting Integrations to Elevate the Consumer Buying Experience
Now, the automotive industry’s leading digital retailing company, today announced the launch of its Real-Time Retail platform. Real-Time Retail is CarNow’s live-data technology platform that empowers dealers to expand customer interactions and transactions from their physical showroom to their online showroom with ease.