Started a decade ago, the International Automotive Remarketers Alliance (IARA) has become — and continues to grow — as an important and valuable voice in the remarketing industry.
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SmartAuction is an online remarketing platform. Since its inception, online sales grew from 34,000 vehicles in 2000 to a cumulative 3.4 million through mid-2010. SmartAuction’s current initiative is to increase its commercial fleet business.
Read More →A record-breaking attendance of more than 800 professionals made the first-ever combined NAAA and CAR Conference a huge success.
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Small fleets once turned to online auctions, remarketing specialists, and Craigslist to sell vehicles faster, cut costs, and reach more buyers.
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Low auction inventories have kept used vehicle prices afloat. But does that mean you can finally sell your used pickup or SUV? And how has bankruptcy affected used car values?
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This upstream remarketing channel, which offers out-of-service fleet vehicles not only to drivers, but also to the broader purchasing pool of other company workers, saves money and provides a valuable employee benefit.
Read More →Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. Contributing to this rebound is a decrease in wholesale inventory, low fuel prices, and strong retail used-vehicle sales.
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At the recent Conference of Automotive Remarketing (CAR) Conference in Las Vegas, Jim Hallett of ADESA, shared his insights on the future of the remarketing industry, in particular, the impact of technology.
Read More →Depreciation continues to be the largest fleet expense; however, fuel, as a percent of total fleet cost is growing (rapidly). Fuel expense is influencing vehicle acquisition strategies, with a direct bearing on future depreciation.
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Follow these common sense strategies before the acquisition decision, during ownership and prior to resale to help you hold the line on residual values.
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