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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A well-detailed vehicle brings more money on the auction block and provides more value to the buyer by reducing sale turnaround time and improving the overall presentation of a vehicle on a dealer’s lot. For auctions, it means repeat business from buyers and sellers.
Read More →There is a need to establish uniform, national standards for vehicle inspections. However, the different and specific needs of major consignors make it difficult for one format to be accepted as an industry standard.
Read More →Because of a buying dealer’s inability to do repairs, the cost of floorplanning, and the cost of internal repair rates, the dealer will pay more for a reconditioned vehicle because the negatives have already been taken away.
Read More →The International Automotive Remarketers Alliance (IARA) has achieved a great deal in 2002. This work has been accomplished by remarketing industry executives from many different companies.
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