On July 22 at the Fairmont Hotel in Chicago, Dick Dennis & JoAnn Foster led the International Automotive Remarketers Alliance (IARA) endorsing an Industry Standard Vehicle Grading Scale Roundtable event that discussed whether an IARA endorsement on a standard scale is possible to help the industry standardize.
Manheim and a consortium of major banks will create an upstream vehicle sales platform set to launch in September that will give major banks a more prominent presence on the Internet.
The International Automotive Remarketers Alliance (IARA) Roundtable meeting, held at the Chicago Fairmont Hotel July 21-23, was attended by more than 95 remarketing professionals.
Representing 12 established independent auctions, Scott Kolb, CAI, has formed The SKI Group, LLC, to deliver automotive and auction consulting services to the vehicle remarketing industry.
Resale prices in the wholesale market for out-of-service commercial fleet vehicles have declined slightly due to the increase in auction inventory resulting from sluggish used-vehicle retail sales, according to an industry source. The increased inventory, in addition to the model-year buildout, has caused wholesale resale prices for intermediate-sized fleet sedans to decrease, on average, approxim