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.
Overall used vehicle values are at strong levels. Crossover values are holding steady but there is cause for concern in the near future. Sedan values are expected to improve or stabilize as more crossovers enter the market.
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Digital sales have grown 12% through the first six months of 2019, according to KAR Auction Services' 2019 second quarter earnings call.
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Over the past three years commercial remarketers have cut the time it takes to sell a vehicle from the moment it arrives at auction by five days.
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Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline
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Manheim made its first digital sale a little over 20 years ago. Over the past 20 years, the company's digital sales have grown from fewer than 100 annual digital sales to over 600,000.
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Pierre Pons, who served as ServNet's CEO for 12 years, will step down as the organization transitions into a single executive director-led structure.
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For ADESA, moving more of its sales toward digital is a way toward safer auctions.
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By changing the structure and way its auctions operate; implementing a safety mascot inspired by Disney, and adopting a organization-wide culture of safety, KAR reduced its accident rates by 60%.
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The 2019 Consignor of the Year award was given to Chris Clarke of ARI this year. He spoke with Automotive Fleet to talk about his win, the remarketing industry as a whole, and ARI's remarketing operations.
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Fleet management company remarketers discussed trends affecting their day-to-day jobs and the industry as a whole.
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