Your Top Resource for Consignor and Auction News
By changing the structure and way its auctions operate; implementing a safety mascot inspired by Disney, and adopting a organization-wide culture of safety, KAR reduced its accident rates by 60%.
The 2019 Consignor of the Year award was given to Chris Clarke of ARI this year. He spoke with Automotive Fleet to talk about his win, the remarketing industry as a whole, and ARI's remarketing operations.
Fleet management company remarketers discussed trends affecting their day-to-day jobs and the industry as a whole.
The company’s continuous investment in technology has heavily driven success in the company’s business as of late.
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.
A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
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.