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Ready Logistics and NextGear Capital have added a new feature to their Transportation Financing program that makes it simpler for their auction clients to add transportation costs to their floor plans.
RMS Automotive has launched Optimization, an A.I.-powered product suite designed to provide vehicle-specific insights that help clients make data-driven decisions and improve their overall portfolio performance.
Used vehicle sales decreased 2% year-over-year in April, in large part due to two fewer selling days compared to the year before, noted Cox Automotive in its May 2018 Industry Update.
Used-vehicle sales will rise and new-vehicle sales will fall in 2018, while total sales will reach 56.2 million, which would represent a second year of declines for the automotive industry, according to a Cox Automotive forecast.
RMS Automotive has launched the first phase of a remarketing platform intended to drive sales for BMW China and its more than 400 CPO-program-authorized dealerships, the company announced.
Fleet mainstays such as pickups and vans are expected to perform well at wholesale this year. Higher-end vehicles, such as those found in executive fleets are expected to struggle.
This wave of off-lease vehicles is expected to be one of the biggest threats that the new-vehicle industry will face this year and the next. And, it won’t just be the sheer volume of relatively new, low-mileage vehicles that will pose a risk to the new-industry; it’ll be the types of off-lease vehicles returning to market that will present the biggest hurdle.
Jim Williams will succeed Patrick Brennan, who previously served in the position but was recently promoted to senior vice president of Inventory Solutions’ Marketplace.
RMS Automotive received the award based on its RMS Automotive Inventory Management Solutions, which is a modular inventory management software that reduces risk and maximizes return on investment.
The five independent auctions that will be joining include Big Valley Auto Auction, Corpus Christi Auto Auction, Greater Milwaukee Auto Auction, Houston Auto Auction, and San Antonio Auto Auction.