FI showroom red and grey logo
MenuMENU
SearchSEARCH

Auctions Return to Business Following Florence

Manheim Wilmington is reopening this Friday. Operations were shut down last week in preparation of Hurricane Florence, which had less of an impact on the U.S. vehicle market than hurricanes Harvey and Irma in 2017.

by Paul Clinton
September 25, 2018
Auctions Return to Business Following Florence

The area of Carolinas affected by Hurricane Florence is less densely populated than storms that reached Texas and Florida last year.

Photo via Flickr: NASA Goddard Space Flight Center

 

2 min to read


WILMINGTON, N.C. — Used-vehicle auctions have started resuming regular business hours following the effects of Hurricane Florence, which had less of an impact on the U.S vehicle market than hurricanes Harvey and Irma in 2017.

Manheim Wilmington is reopening on Friday, Sept. 28, after closing operations last week in preparation of Hurricane Florence, according to Tim Janego, Manheim's regional vice president of the Northeast region. However, parts of Wilmington remain submerged, with some waterways still rising, according to The Herald Sun.

Ad Loading...

Manheim is operating regular business hours for its other locations in North Carolina and South Carolina. It also previously shifted in-lane sales to digital sales at Manheim North Carolina in Kenly; however, the auction has resumed regular business hours, according to Janego. Manheim Statesville and Manheim Charlotte in North Carolina and Manheim Darlington in South Carolina maintained regular business hours during the hurricane.

The area of Carolinas affected by Hurricane Florence is less densely populated than storms that reached Texas and Florida last year.

“We have not heard of any significant damage caused by Florence at major auto auctions in the area,” said Anil Goyal, executive vice president of operations at Black Book.

An estimated 20,000 to 40,000 vehicles could be lost due to flooding in the Carolinas, according to Cox Automotive.

Hurricane Florence was similar to Hurricane Harvey in terms of establishing record-setting rainfall. However, Florence was more accurately predicted, which resulted in more successful advance warnings and evacuations. Even though the number of damaged vehicles from Hurricane Florence is relatively low, it creates an immediate demand for a replacement vehicle, Goyal said.

More Auto Finance

Photo of person grabbing stacks of cash from a surface
Auto Financeby Gil Van OverMarch 30, 2026

Permission or Approval: When to Notify Finance Sources

Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.

Read More →
Three people's hands on desk as one signs a document
Auto Financeby Hannah MitchellMarch 11, 2026

At-Risk Auto Borrowers Drive Looser Credit Access

Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.

Read More →
Auto Financeby Lauren LawrenceFebruary 23, 2026

Auto Loan Forecast Bucks Market Trend

Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.

Read More →
Ad Loading...
Auto Financeby Hannah MitchellFebruary 11, 2026

Auto Credit More Plentiful

Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.

Read More →
Auto Financeby Hannah MitchellJanuary 27, 2026

Auto Loans Long as Stretch Limos

More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.

Read More →
A person holds a stack of cash with a small red toy car on top.
Auto Financeby StaffJanuary 20, 2026

AutoPayPlus Launches RePayPlus

The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.

Read More →
Ad Loading...
F&Iby Hannah MitchellJanuary 12, 2026

Auto Credit Access Loosens

December brought some of the best borrowing availability for consumers in years, though lenders tightened their reins on riskier segments of the market.

Read More →
A hand holding small burlap money bags next to a toy red car, symbolizing auto financing, loan payments, and dealership profitability.
Industryby StaffNovember 14, 2025

Report Uncovers $4.7B Opportunity for Auto Dealers

Solving mismatched payment quotes can boost sales, profits

Read More →
Industryby Hannah MitchellNovember 10, 2025

Auto Loans More in Reach

October easier to tap despite approval rates falling

Read More →
Ad Loading...
Industryby Hannah MitchellNovember 3, 2025

Q3 Auto Loans Reveal Stress

Data reflect growing finance activity on the extreme ends of credit risk scale

Read More →