There is a shortage of medium-duty trucks in the wholesale market due to the low volume of new units ordered from 2007 to 2010. This inventory shortage is forecast to persist for several years. The net result is higher resale values.
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This article presents a timeline of the fleet remarketing industry.
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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.
Read More →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.
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