The advantages and attributes of electric vehicles are upending the traditional remarketing cycle, requiring fleet sellers to rely on new factors and approaches detailed below.
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The first thing that really stood out over the past week of auctions was the increase in the number of 2013 models that received their initial market driven wholesale values. Black Book editors added 26 different 2013 models with market-based values.
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Black Book’s Ricky Beggs, editorial director for the publication, presented his commentary for the week ending May 3. According to Beggs, several survey reports mentioned a lower level of excitement in the auction lanes, and another report described lane activity as “wait and see.”
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Manheim plans to offer live product demonstrations at the 14th Digital Dealer Conference & Exposition in Orlando, Fla., May 7-9. Manheim added its staff will be on-hand to share ‘Best Kept Secrets’ with dealers for quick and easy access to decision-making data.
Read More →Auction Export announced it has introduced GOLIVE, an online tool that enables buyers to place live auction bids on vehicles located at IAA, in real time, directly from the Auction Export website.
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According to Mercedes, Cornell will be responsible for customer experience, sales volume, and meeting profit targets for the fleet operations department, and the pre-owned vehicles and remarketing programs.
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On April 19, Manheim Pennsylvania hosted 14 International Ambassadors and dignitaries to tour its facilities, learn about the remarketing business, and meet with local leaders and media.
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MetroGistics, a full-service vehicle transportation company, has announced the hiring of Martha Garcia-Perry as director of account management.
Read More →Reinforcing its commitment to the Canadian marketplace, Manheim Canada has signed a partnership agreement with Source Auto Auction, a newly-created auction facility in Edmonton, Alberta.
Read More →IronPlanet, a leading online marketplace for used heavy equipment, launched TruckPlanet, an online marketplace dedicated exclusively to buying and selling used commercial trucks.
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The more prominently stable used-vehicle market was a result of the need to adjust fewer vehicles during the past week than any week of 2013.
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