By Robert Sullivan | January 1, 2003
Because of a buying dealer’s inability to do repairs, the cost of floorplanning, and the cost of internal repair rates, the dealer will pay more for a reconditioned vehicle because the negatives have already been taken away.
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By Staff | January 1, 2003
There is a need to establish uniform, national standards for vehicle inspections. However, the different and specific needs of major consignors make it difficult for one format to be accepted as an industry standard.
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By Staff | January 1, 2003
A well-detailed vehicle brings more money on the auction block and provides more value to the buyer by reducing sale turnaround time and improving the overall presentation of a vehicle on a dealer’s lot. For auctions, it means repeat business from buyers and sellers.
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By Mike Antich | January 1, 2003
Resale values for two- and three-year old vehicles sold in the wholesale market in the fourth quarter 2002 were lower than the same period in 2001 when used-vehicle values hit rock bottom following the attacks of Sept. 11.
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By Jon LeSage | January 1, 2003
Poor dealer demand and low bid prices are backing up the volume of car
rental units in auction lanes. Average risk car sale prices were down almost 15 percent in December, and could remain low for months.
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By Staff | January 1, 2003
GM Remarketing Services’ customized Web-enabled inventory management system provides its remarketing clients with on-demand inventory visibility to facilitate de-fleeting and the tracking of vehicles through the resale process.
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By Staff | January 1, 2003
Supply and demand plays a significant role in
year-over-year value retention, says Kelley Blue Book.
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