The vehicle scans will check vehicle exteriors, undercarriage components and tires to quickly produce online user-friendly reports that include high-resolution photos.
CAR 2023: Find out about the most pressing regulatory and political issues facing consignors and auctions and what current events the remarketing industry should be following.
The new digital integration expands and simplifies access to used vehicles for buyers and sellers.
The used-vehicle market faces a challenging year ahead as demand weakens and supply of nearly new vehicles is particularly constrained.
The financial risks and setbacks are piling up for the online used car retailer that gobbled up ADESA auctions last year in a deal wracked with massive debt.
While this is the EV decade, the market is a long way from becoming one centered on electric vehicles.
94% of surveyed business leaders view AI as critical to their success over the next five years, and that’s particularly true for auto remarketing.
Average transaction prices (ATP) have been above the average manufacturer’s suggested retail price (MSRP) for more than a year.
After volatile highs and lows during the last three years, the market should hit equilibrium in the second half of 2023.
A lower than normal sales conversion rate indicated December saw buyers with more bargaining power than typically seen for this time of year.
After fleet sales ran far below historical averages for the last three years, increases in 2023 won't be close to levels before 2020.
At the end of November, unsold used vehicles on dealer lots was about 4% higher than a year ago, with an average list price of $27,156.
Days’ supply by end of November was 77% higher than at the same time a year ago and the highest since March 2021. While inventory is up from recent levels, it remains low by historical standards.
The used car retailer that bought the ADESA auction group this year blames high used car prices and rising interest rates for sinking consumer demand.
The luxury vehicle share sold increased to above 18% of total sales, lifting overall industry ATP, while non-luxury vehicle buyers on average paid more than $500 above sticker price.
The Conference of Automotive Remarketing provided the ideal marketplace for industry businesses and attendees to see the latest in services and innovations for consignors and auctions.
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