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.
Eric Janca, lease maturity & remarketing manager at SCI Lease Corp., will be assuming the role of Canadian Committee co-chair, effective April 2018.
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Steve Solomon brings over 20 years of experience in the remarketing industry, along with a tremendous amount of knowledge and experience to IARA, noted fellow co-chair Venkat Krishnamoorthy.
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Typical seasonal highs and lows were disrupted this year due to a run of natural disasters destroying hundreds of thousands of vehicles and causing a surge in replacement activity. Overall fleet depreciation improved this year.
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This year, the 23rd annual conference will be hosted at Caesar’s Palace in Las Vegas from March 6 to 7, following meetings of the International Automotive Remarketers Alliance and National Auto Auction Association meetings on March 5.
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With the number of off-lease vehicles coming into the used car market projected to grow in the coming years, it might be the time for used car leasing to make a return, which would boost demand and price at wholesale for several used car segments, according to Swapalease.com.
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While the effect that Hurricane Irma had on Insurance Auto Auction's and Copart's operations in Florida was relatively mild, Houston was a different story.
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The IARA launched a new website earlier this year. The site brought a number of improvements over the old version; however, the organization says there are still a number of improvements and features to come.
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While summer hasn’t quite reached its end, the approaching fall season is already having some effect on the types of cars selling at Midwest auctions.
Read More →As manufacturers continue to release new vehicles into the luxury segment, the number of vehicles in the segment has grown. This along with overproduction and higher incentives has led to higher depreciation rates for the segment.
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Consignments were down in May and June; however, healthy sales percentage rates kept sales numbers at Northeast auctions at relatively stable levels, compared to the year before.
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