You know how you are performing benchmarked against your history, but how do you measure up against a national market benchmark? Are you missing opportunities to generate incremental dollars?
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The objective is to increase auction attendance and enhance overall portfolio sales value. However, many remarketers commit one of four common errors in marketing sales.
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Senior-level remarketing managers from 25 banks, captive finance units, and fleet lessors were surveyed. Captive lenders report that upstream channels reduced turn time on vehicles by an average of more than 20 days.
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A new Web-based program, LiveRepos.com, allows financial institutions to track repossessed vehicles online from assignment to auction, while measuring agent performance.
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VIN cloning is the latest theft technique to impact the automotive business. Thieves remove VIN plates from auto parts yards to give stolen vehicles a new identity.
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The best the existing system, such as auctions, dealers, lessors, factories, and other remarketers, will be combined with new thinking, new technologies, the Internet, and new people from both within and outside the auto industry.
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Supply and demand plays a significant role in year-over-year value retention, says Kelley Blue Book.
Read More →GM Remarketing Services’ customized Web-enabled inventory management system provides its remarketing clients with on-demand inventory visibility to facilitate de-fleeting and the tracking of vehicles through the resale process.
Read More →Poor dealer demand and low bid prices are backing up the volume of car rental units in auction lanes. Average risk car sale prices were down almost 15 percent in December, and could remain low for months.
Read More →Resale values for two- and three-year old vehicles sold in the wholesale market in the fourth quarter 2002 were lower than the same period in 2001 when used-vehicle values hit rock bottom following the attacks of Sept. 11.
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