Eric Gandarilla is a former Bobit editor who worked on Automotive Fleet and Vehicle Remarketing.
Eric Gandarilla
Senior Editor
Senior Editor
Eric Gandarilla is a former Bobit editor who worked on Automotive Fleet and Vehicle Remarketing.
Companies such as Manheim and ADESA have invested time and money to bolster the digital side of their business to meet the demands of this growing field, and so have fleet management companies.
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Online remarketing has been a growing trend for the past few years and it promises to continue. As more remarketers are selling and buying wholesale vehicles online, some new trends have emerged.
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The winner is announced at the annual Conference of Automotive Remarketing, which this year will be held on March 24-25, 2020 at Caesars Palace Las Vegas.
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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
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Five of the most widely used vehicle segments among light-duty fleets saw relatively low depreciation in 2019.
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CUV/SUVs saw year-over-year declines to their wholesale values, but are still performing well due to continued demand for these segments and cheap gas prices, but an inflection point is approaching.
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TradeRev cut down vehicle delivery times by nearly 50% in the first half of 2019. The company is now on pace to deliver cars within 100 miles in two days
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Through the 12-month period ending in June 2019, overall manufacturer incentive spend has declined, and the strength of fleet sales this year has been a big reason why.
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Change is constant in the remarketing industry, and 2019 continues to see new trends emerge. Here are four trends that remarketers should have on their mind.
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