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Deprecation was low through most of 2018. Segments such as sedans performed better than they have in years past, while trucks and SUVs continue to retain their values well.
More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
TradeRev started as a dealer-to-dealer mobile app, but has expanded its offerings to give more real-time auction access to commercial fleets and fleet management companies.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
Disruption in the automotive industry will affect many businesses with close ties to it, including those in wholesale remarketing, health care, and accident litigation.
With an eye toward the future, Costabile focuses on relationship building, networking, and growth.
Faye Francy of Auto-ISAC and Andrea Amico of Jack Cooper Logistics led a discussion on the steps that could be taken to protect personal identifiable information stored inside the vehicles sent for remarketing.
Amy Weisenburger of AutoVIN considers herself an early adopter of technology that the industry might not be ready for yet.
In her position as senior director, national accounts inventory solutions for Cox Automotive, Allison Kline is seeing increased consignor interest in using available data to maximize values within their portfolios.
Compliance in areas such as remarketing is one of Lori Murtagh’s tasks as chief risk leader for SCI Lease Corp. and SCI MarketView in Canada, and she feels that information-sharing with IARA members will help her in that role.