Remarketing Trends 2024: Moving Toward Normal but Not to 2019
Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
Capital Auto Auction
Ritchie Bros - GovPlanet
Liquid Motors Inc.
Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
CAR 2024: The Global Remarketing Opportunities for Women (GROW) outlines its multi-dimensional strategy on leadership and connections to wider roles in the remarketing industry.
2023 saw subtle yet significant shifts in the auto auction market based on key metrics.
CAR 2024: Next generation thinkers will delve into digital strategies that can cut costs, win over customers, and boost profits.
CAR 2024: In the main keynote presentation, attendees will hear about leadership principles informed by love — the action, not emotion, and how it increases long-term profitability and value.
Work Truck Solutions' annual review of 2023 data shows that while commercial vehicle inventory levels outpaced growth in 2023, work trucks and vans carried higher price tags - signaling that demand is still strong.
For the full year, Cox Automotive estimates sales for used retail were down about 3%, curtailed by a constrained supply of newly used vehicles in the market.
CAR 2024: Joe Miller will enliven the Conference of Automotive Remarketing with a presentation on new ways to view personal and professional success.
All major vehicle segments saw price declines compared to last month, with most categories exceeding the average industry decline.
According to Vincentric, fleet costs per mile for most vehicle categories increased slightly in the fourth quarter, tempered by falling fuel prices.
The leading consignors trade group and the producer of the annual Conference of Automotive Remarketing (CAR) align to bolster event offerings and better serve the remarketing industry.
Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.
Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.
The product leverages artificial intelligence and computer vision technology to provide a virtual overlay of any exterior damage detected on a vehicle, making it easier to spot hail, paint peel, detached panels, broken lights, rust, scratches, dents and cracks.
Wholesale supply ended November at 30 days, up one day from the end of October and flat year over year.
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