Manheim Australia’s Post

🚗 Manheim Sees Surge in Fleet and Lease Vehicle Sales Manheim reports a significant rise in fleet and lease vehicle sales, doubling year-to-date compared to 2022. August sales were up 30%, with a 42% increase across all segments. Despite a 7.6% drop in wholesale prices year-over-year, volume remains high. Hybrid sales nearly tripled, driven by ex-fleet Toyotas. Top-selling models include the Ford Ranger, Toyota Camry, Isuzu D-Max, Toyota Corolla, and Toyota Hilux. https://hubs.la/Q02RbwBZ0 #Manheim #FleetSales #UsedCars #HybridVehicles #AutomotiveMarket

Luxury carmaker Rolls-Royce will invest more than £300 million to expand its Goodwood factory and global headquarters to meet the growing demand for bespoke models so it can build more highly-customised versions of its cars for its super-rich clientele #supplychain #automotive #globaleconomy https://lnkd.in/e3w-mpSz

Jaguar dealership network confirmed to shrink to ‘around 20’ showroom. Jaguar network will be much smaller as it moves to an electric future Boss Rawdon Glover spoke out as part of unveiling Jaguar’s new look Brand will be completely reinvented as car dealership network shrinks https://buff.ly/4hNwU2W

Explore expert insights, strategies, and updates on online car auctions for UK dealers. Learn how to maximise profits and streamline your auction processes.

Monterey Car Week 2024: Our take on the auctions We’re proud to offer you our comprehensive perspective on the year’s most relevant week - which saw us active on many fronts. Read the full article in the link below - or a quick summary below: Solid Performance: out of 1140 cars offered, 841 were sold, achieving a 74% sell-through rate. RM Sotheby's led with $160M in sales - out of ca. $400M in total. Ferrari’s rare downshift: 1950s-60s Ferrari models showed a softness which was unexpected for many (but not for us - we intentionally had refrained from a few purchases given what our algorithms were showing us). As always, taking data-driven investment decisions is key. Mid-Range strength: Vehicles priced between $200k and $2M performed above bar, indicating a strategic shift towards liquidity and diversification - a trend we were following before it emerged as clearly as this week. Age is relevant, but it’s not all: Sure, youngtimers perform well, and demographics are relevant: but how many among the bidders that pushed the beautiful 1938 Alfa Romeo 8C 2900 to $14M were old enough to dream of it when it was first built? Mileage obsession: The market continues to favor low-mileage cars, a trend we view as potentially detrimental to the passion of the hobby. Online bidding: The growing importance of digital channels also at live auctions isn’t yet embraced by all - and those who aren’t are leaving opportunities on the table. All in all, Monterey Car Week reaffirms the resilience and reliability of the classic car market, even in complex times. https://lnkd.in/dCAMAk5y

What Happened to Vintage Bronco prices? If you did not buy one when they were affordable, it is probably too late. The early Ford Bronco's were made from 1966 to 1975 and have become a collector's vehicle. They are hard to find and the prices are unaffordable to the average person. The Bronco was made to compete with the Jeep Wrangler, from what I understand, and remind me of vintage Land Rovers. They are boxy and true vintage vehicles. But the prices have gone through the roof and only the well endowed bank account holders can consider buying one. A quick search of the CollectorCar.com Marketplace found 40 early Broncos being advertised and for prices that included $80,000, $82,995, $84,900, $87,995, $94,900, $99,000, $109,000, $125,000, $135,000, $145,000, $150,000, $159,995, $169,950, $209,000, and $219,000. I am still trying to understand how the prices got this crazy and invite comments to explain why. The Bronco came in different versions including the Bronco II and the full size Bronco that was built on the F150 frame. I understand that prices have spiked overall and it may be related to the introduction of the new Ford Bronco that is in the showroom now. But none have increased in value as the early Bronco's made between 1966 and 1975. If you do find a vintage Ford Bronco that you just have to have, and pull the trigger, you also want it handled as carefully as possible. If you are buying one to ship outside the U.S.A, it should be carefully loaded in it's own container, well secured and properly insured. If you are looking for service like this, drop me a DM for more information. #FordBronco #Export #vintagevehicle

Jaguar will shrink to around 20 dealers after its rebrand to sell luxury EVs. As a comparison Bentley has more than 30 outlets and Porsche has 46. Some other JLR outlets will also offer Jaguar as part of the JLR House of Brands. https://lnkd.in/eyAWb699

Lightspeed DMS: Tuesday Tech Tip: Don’t wait until your vehicle inventory has a “birthday” to send it to auction. Everyone loves a great birthday celebration, except when it comes to vehicle or vessel inventory. Don't let the burden of slow-moving inventory prevent you from putting money into products your customers actually want to buy.  Experts agree that if a unit sits on a showroom floor for 90 days or more, it’s time to make a decision about that unit. Lightspeed makes that decision easy with the integrated "Consign to NPA" option within Major Unit Inventory.  National Powersport Auctions (NPA) handles a wide variety of vehicles and vessels from the Recreation Industry. They process, Boats, RVs, Golf Carts, Motorcycles, ATVs and UTVs just to name a few.  From within Lightspeed, navigate to the “Value Guide” tab in the Major Unit Inventory detail record. The lower left of the screen features a "Consign to NPA" button, allowing you to easily send unit information to NPA without manual entries on their site.  NPA processes the Lightspeed submission just like any manual entries to the platform. Once the unit sells at auction, process a sales deal in Lightspeed to remove the unit from inventory, and to prevent it from seeing that dreaded birthday. To learn more, click the link below for a 30-minute Webinar on the details: https://lnkd.in/gYcpWdHc Click this link to Discover Hidden Gems in Lightspeed: https://lnkd.in/g5FeyCEj #lightspeeddms #powersports #ride #motorcycles #smallbusiness

What's it take to make a car thoroughly unexceptional? This article from Hagerty UK says: "Sometimes it’s scandal. Sometimes it’s a reputation that just can’t be recovered. But most often it’s malaise. A lack of investment and innovation, a loss of interest from the buying public, and a gradual demise of dealerships – an unexceptional decline, you might say." It’s appropriate then that the one place in the UK that you’re most likely to find any survivors is at Hagerty's wildly popular "Festival of the Exceptional" (FOTU) on 27 July. With their devotion to the dull, FOTU fans keep the most mundane motors alive – even if their manufacturers are long gone. It's a ton of fun. Check it out. Tickets and details here: https://bit.ly/3Y8NF16 #hagertyuk #hagerty #cars #automobiles #driving #festivaloftheunexceptional

200k+ vehicles were listed in our daily auctions this year. From supercars to ultra-luxury models, there’s no telling what retailers might get the chance to bid on next. Take a look at which ones bagged the biggest offers 🏎️ 💰 What’s your favourite on our list? #StockSourcing #CarAuctions #Supercars #NeverMissACarChange