The company’s continuous investment in technology has heavily driven success in the company’s business as of late.
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Current sales of electric vehicles are largely driven by incentives, and while incentives help move the metal on the new-vehicle front, they have a negative effect when it comes to residual values.
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A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
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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.
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More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
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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.
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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.
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Disruption in the automotive industry will affect many businesses with close ties to it, including those in wholesale remarketing, health care, and accident litigation.
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With an eye toward the future, Costabile focuses on relationship building, networking, and growth.
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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.
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