The International Automotive Remarketers Alliance (IARA) will hold its next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, July 21-23 at the Fairmont Hotel in downtown Chicago. On Friday, July 23 at 8:15 a.m., Allen Pankopf, associate professor, Northwood University in Midland, Mich., will lead the IARA Online Remarketing Module Curriculum Roundtable event that will consist of a 30-45-minute Q&A session. According to Matt Marks, IARA executive director, the modules are designed to be an educational tool for entry-level remarketing professionals. After students complete the online remarketing orientation course – offered through a partnership with Northwood University – they are issued certificates of completion by the university. Participants at last year’s Roundtable requested the creation of the online remarketing orientation curriculum. IARA officials have determined 12 entry-level remarketing topics for discussion at Friday’s roundtable. The modules are available for students to register and complete online 24/7; students do not have to complete all 12 modules. Module curriculum will include:
  • Vehicle Identification Numbers (VIN): how each digit has a standard meaning and reference.
  • Guidebooks: purpose, what they cover, and how the information is used.
  • Transportation: what is involved in picking up a vehicle and transporting it to its destination.
  • Inspections: why they are necessary and who uses them.
  • Reconditioning: what is the process, nature and extent, and cost.
  • Titling: what is the definition and significance.
  • Upstream technology: what kind of technology is used to remarket upstream.
  • Auction process: what happens when a vehicle is assigned, what is involved in an auction.
  • Resale channels: what opportunities are available for the remarketer to dispose of vehicles.
  • Ethics: what are standard characteristics of business behavior and code of conduct.
  • Remarketing characteristics: learn how market conditions affect vehicle price.
  • Remarketing terminology. Attendance for the IARA Roundtable Series is recommended to auction managers, banks, fleet lease managers, leasing companies, manufacturing organizations, remarketing service providers, remarketing technology providers, rental-car companies, vehicle inspection companies, vehicle value organizations, and used-car sales managers.
    Events Schedule: Fairmont Hotel
    Wednesday, July 21
    3 p.m.: Board of Director's Meeting
    5-7 p.m.: Reception
    Thursday, July 22
    7 a.m.: Continental Breakfast 8:15 a.m.: Annual Meeting 9:45 a.m.: Presentation of IARA Online Remarketing Modules.
    Noon: Luncheon Speaker: David Walsh, Marketwise IARA Achievement Award
    1:45 p.m.: Roundtable sessions commence. 1. Endorsing an Industry Standard Vehicle Grading Scale. Moderators: Dick Dennis and JoAnn Foster. 2. Managing Revenue Opportunities Within Your Lease Portfolio. Presenters: Chuck Nix and Warren Byrd. 6 p.m.: Evening Dinner Cruise (optional) Friday, July 23
    7 a.m.: Continental Breakfast 8:15 a.m.: IARA Online Remarketing Module Curriculum. Allen Pankopf, associate professor, Northwood University. 10 a.m.: Chicago-Area Dealer Panel Discussion: Why I Buy Your Cars. Moderators: Layne Weber, Donlen, and Stephen Houston, WFS Financial. 11:30 a.m.: Closing Remarks Conference rates are $195 for members and $345 for nonmembers. Hotel rooms are available on a first come, first served basis. For more information or to register, call IARA at (800) 441-1414 or (312) 565-6698, or visit www.iaraonline.org.
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