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James McKinley of City Rent a Truck was named the inaugural Fleet Value Champion at the CAR Conference for his data-driven approach to fleet lifecycle management and vehicle remarketing.
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Reinforcing its commitment to bring the remarketing industry together, AutoIMS announced an expansion of its Client Services team through the hiring of an industry veteran and the naming of a new vice president.
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Black Book has new data that shows truck segments may be feeling additional pricing pressure, resulting in many trucks not holding their values as well as in previous years.
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Used vehicles depreciated an average of 3.6% in the first quarter compared to 0.6% in 2015 in a signal of sharper depreciation, but values improved in March over January and February levels, according to Black Book.
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The 2016 Conference of Automotive Remarketing (CAR) took place March 16-17 at Caesars Palace, Las Vegas. Now in its 21st year, CAR delivered high-quality discussions and information on subjects ranging from automating the if-bid system to how to maximize auction earnings to a look forward to residual values for 2016-2017. In addition, attendees had plenty of opportunities to network and build their personal and professional connections. Photos by Chris Wolski and Steve Reed.
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Newly named President Gary Mott outlines FLD's short-term focus on new technologies; its near-term focus on cloud-based inventory management; and a long-term goal of international expansion, particularly in South America.
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Five remarketing industry professionals received top honors at the Conference of Automotive Remarketing (CAR) with the awarding of the 2016 Consignor of the Year, Remarketer of the Year, Industry Leadership Award, and the Ed Bobit Icon awards.
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Full-size pickups led vehicle depreciation in February, while mid-size cars, full-size cars, and utility vehicles held their value best, according to Black Book.
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Used commercial vehicle transactions of GVW 3-8 vehicles were just over 176,000 units during the last quarter of the 2015 calendar year, up 14.3 percent from the same time period in 2014 calendar year.
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Car shoppers now get a Carfax Vehicle History Report with every Chevrolet, Buick, and GMC Certified car, truck, and SUV at no-cost from the selling dealer.
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ADESA, Inc., has signed an agreement to acquire eight Brasher family auctions for $283 million under an agreement announced by parent KAR Auction Services.
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