Articles

Fleet•by Jon LeSage•January 1, 2003

Used Risk Car Crisis a Challenge for Rental Industry in 2003

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.

Used Vehicle Values•by Mike Antich•January 1, 2003

The 2003 Wholesale Market Projected to be Same as 2002

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.

Operations•by Staff•January 1, 2003

The Details in a Detail Make the Difference

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.

Operations•by Staff•January 1, 2003

The Importance of Performing Vehicle Inspections

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.

Operations•by Robert Sullivan•January 1, 2003

Reconditioning: It's Important to Take Away the Negative

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.

Associations•by Matt Marks•January 1, 2003

International Automotive Remarketers Alliance 2002: A Year in Review

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.

Technology•by Staff•January 1, 2003

BSCAmerica Online Salvage Auctions Add Incremental Sales

BSCAmerica marks the one-year anniversary of its LiveLane.com salvage sale by celebrating 800 percent growth in buyer participation and sales volume. Customer enthusiasm for the online sales medium continues to grow.

Associations•by Paul Dexler•January 1, 2003

Internet 'Number One Vision' of New NAFRD President

Tom O’Neill, incoming president of the National Association of Fleet Resale Dealers, presents some of his views on where the association is headed. He sees the Internet as being a growing part of NAFRD’s operations.

Operations•by Staff•January 1, 2003

Manheim Debuts Chip Wizard

New paint repair division of Manheim subsidiary Dent Wizard International currently offers on-site services at 18 Manheim auctions, with additional locations expected in the near future.

Auctions•by Henry Stanley & Bob Rauschenberg•January 1, 2003

How to Market a Sale

A good auction brings buyers and sellers together. But what are the best methods not only for getting the word out about a sale but ensuring that you’re creating the best possible marketplace for the vehicles on hand?

Prev Next