Mannheim (disambiguation)

Cox Automotive Leads the Way to NADA 2023 with New Solutions for Retail, Inventory and EV Readiness

Retrieved on: 
Wednesday, January 18, 2023

Dealerships deploying multiple Cox Automotive solutions are averaging 23% higher close rates, 63% more leads, and $187,000 per month more in profit.

Key Points: 
  • Dealerships deploying multiple Cox Automotive solutions are averaging 23% higher close rates, 63% more leads, and $187,000 per month more in profit.
  • Cox Automotive, the world's largest automotive services and solutions provider, is the largest exhibitor at NADA2023.
  • "We take pride in our EV battery diagnostic tool and grading system," said Lea Malloy, AVP of EV Battery Solutions, Cox Automotive Mobility.
  • For more information about Cox Automotive at the NADA Show 2023 , or to speak to anyone on the Cox Automotive team, reach out to the Cox Automotive Public Relations team .

Manheim Forecast: Used-Vehicle Values Expected to Normalize in 2023 After Record Volatility

Retrieved on: 
Monday, January 23, 2023

Steep declines in wholesale auction prices are the culmination of three years of volatility and were preceded by record increases in 2021.

Key Points: 
  • Steep declines in wholesale auction prices are the culmination of three years of volatility and were preceded by record increases in 2021.
  • 2023 predictions include equilibrium in the used market, slight increases in new sales, and record EV sales at both retail and wholesale levels.
  • Wholesale used vehicle prices close out 2022 with the sharpest declines over a single year, according to Manheim Index.
  • "These last three years have been extremely volatile for the market, and these declines follow record increases.

Manheim Used Vehicle Value Index Sees Another Strong Decline as Market Continues To Slow

Retrieved on: 
Friday, October 7, 2022

Both the Manheim Used Vehicle Value Index and non-seasonally adjusted prices showed declines year over year for the month of September.

Key Points: 
  • Both the Manheim Used Vehicle Value Index and non-seasonally adjusted prices showed declines year over year for the month of September.
  • This brought the Manheim Used Vehicle Value Index to 204.5, down 0.1% from a year ago.
  • The Manheim Used Vehicle Value Index shows wholesale used-vehicle prices fell in September.
  • To download additional commentary and data on the Manheim Used Vehicle Value Index from Cox Automotive, visit the Cox Automotive Newsroom .

Work Truck Solutions Adds Manheim Vehicles to its Vehicle Acquisition Search Tool (VAST)

Retrieved on: 
Wednesday, September 7, 2022

Chico, CA, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Work Truck Solutions announced an addition to its Vehicle Acquisition Search Tool (VAST), adding Manheim as a partner.

Key Points: 
  • Chico, CA, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Work Truck Solutions announced an addition to its Vehicle Acquisition Search Tool (VAST), adding Manheim as a partner.
  • In response, Work Truck Solutions continues to add to the vehicle source pool within VAST, and with the addition of Manheim, VAST now has more than 50,000 commercial vehicles available.
  • Work Truck Solutions is a smart, technology-based platform for the Commercial Vehicle Industry; an efficient customer-focused end-to-end experience for commercial vehicle buyers, dealers, manufacturers and upfitters.
  • VAST , the Vehicle Acquisition Search Tool, offers access to many inventory sources specifically for the wholesale acquisition of commercial work trucks, vans and pickups for a one-stop-shop experience.

Latest Manheim Used-Vehicle Data Shows Signs of Market Normalcy After Unprecedented Run in 2020 and 2021

Retrieved on: 
Friday, July 8, 2022

New-vehicle sales remain muted with no clear solution in sight as tight supply continues to hold back the market.

Key Points: 
  • New-vehicle sales remain muted with no clear solution in sight as tight supply continues to hold back the market.
  • Some trends are returning more toward normalcy in the used-vehicle market, according to Chief Economist Jonathan Smoke.
  • "It's refreshing to report we are seeing some trends returning more toward normalcy in the used market," said Cox Automotive Chief Economist Jonathan Smoke.
  • Manheim Market Report (MMR) values saw larger declines over the last two weeks than in the prior two weeks.

Westlake Financial Remarketing Division Announces 2021 Auctions of the Year

Retrieved on: 
Monday, May 16, 2022

Westlake Financial proudly announces its 2021 Auction of the Year Award winner and Top Regional Auction performers.

Key Points: 
  • Westlake Financial proudly announces its 2021 Auction of the Year Award winner and Top Regional Auction performers.
  • 2021 Auction of the Year Winner:
    Westlake is proud to work alongside the top auction performers in the country, stated William Walters, VP of Remarketing for Westlake Financial Services.
  • This award provides recognition to top-performing auctions based on an average score calculated from Westlakes remarketing units sold in 2021.
  • Westlake Financial (Westlake) originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and power sports dealers.

Purchasing Power® Names Lilicia Bailey to Board of Directors

Retrieved on: 
Tuesday, April 12, 2022

ATLANTA, April 12, 2022 /PRNewswire/ -- Purchasing Power announced today that Lilicia Bailey, the Chief Human Resources Officer of Emory Healthcare, has joined its Board of Directors, effective April 1, 2022.

Key Points: 
  • ATLANTA, April 12, 2022 /PRNewswire/ -- Purchasing Power announced today that Lilicia Bailey, the Chief Human Resources Officer of Emory Healthcare, has joined its Board of Directors, effective April 1, 2022.
  • "We are excited to welcome Lilicia to the Purchasing Power Board of Directors," said Chris Ackerman, Managing Partner of Flexpoint Ford, the Company's financial sponsor and majority shareholder.
  • "Lilicia has a passion for human capital and organizational development, and brings extensive experience in industry segments such as healthcare and retail, in which Purchasing Power has long served.
  • For more information, visit www.corp.purchasingpower.com
    Purchasing Power is a registered trademark of Purchasing Power, LLC.

After Slow First Quarter, Manheim Forecasts Used-Vehicle Market To Accelerate in Months Ahead

Retrieved on: 
Thursday, April 7, 2022

The non-seasonally adjusted Manheim Used Vehicle Value Index (MUVVI) in March increased 0.6% from February, indicating a strengthening wholesale market with rising wholesale prices.

Key Points: 
  • The non-seasonally adjusted Manheim Used Vehicle Value Index (MUVVI) in March increased 0.6% from February, indicating a strengthening wholesale market with rising wholesale prices.
  • This brought the Manheim Used Vehicle Value Index (MUVVI) to 223.5, an increase of 24.8% from a year ago.
  • Manheim Market Report (MMR) values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline thus far this year.
  • MMR is a valuation tool used by tens of thousands of consignors and dealers to assess millions of trade-ins each month.

Manheim and Fyusion Deploying the Wholesale Industry's Most Advanced Imaging Inside the Auction Gates, Paving the Way to AI-Enhanced Condition Reports

Retrieved on: 
Monday, March 7, 2022

Now, Manheim is deploying Fyusion-powered mobile imaging at all of its locations, giving clients the highest resolution condition report images in the industry.

Key Points: 
  • Now, Manheim is deploying Fyusion-powered mobile imaging at all of its locations, giving clients the highest resolution condition report images in the industry.
  • Manheim has also just launched its first AI-driven fixed imaging gantry at Manheim Minneapolisa wholesale industry first in the U.S.
  • 2022 kicked off with the biggest advancements in imaging inside the gates of any auction network in the industry, including:
    Fyusion-Powered Mobile Image Capture Inside the Auction Gates:
    Each year, millions of vehicles are imaged for condition reports inside the gates of Manheim's vast auction network.
  • The damage detection model will also automatically generate an AutoGrade condition scoreyet another way Manheim and Fyusion are leading the industry.

Cox Automotive Names Lori Wittman as New President of Retail Solutions and Amy Mills as Executive Vice President and Chief Strategy Officer

Retrieved on: 
Friday, March 4, 2022

ATLANTA, March 4, 2022 /PRNewswire/ -- Cox Automotive today namedLori Wittmanas the new president of the company's Retail Solutions group and Amy Mills as Executive Vice President and Chief Strategy Officer.

Key Points: 
  • ATLANTA, March 4, 2022 /PRNewswire/ -- Cox Automotive today namedLori Wittmanas the new president of the company's Retail Solutions group and Amy Mills as Executive Vice President and Chief Strategy Officer.
  • Cox Automotive Retail Solutions includes powerhouse brands Autotrader,Kelley Blue Book, Dealertrack, Dealer.com, VinSolutions and Xtime.
  • Wittman, who most recently held the role of SVP of Dealer Software, takes over for interim group President and Chief Strategy Officer Amy Mills.
  • "I am honored and deeply inspired to continue the outstanding work Cox Automotive Retail Solutions is known for," said Wittman.