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All good things eventually come to an end. So, too, will today’s abnormally high used-vehicle prices. Today's resale values are an anomaly caused by a decrease in used-vehicle inventory in the wholesale market, resulting from the extremely low sales of new vehicles from 2009-2011. You need to educate management that today’s resale values will decline. Otherwise, you run the risk of being management’s future scapegoat for declining resale values due to their misperceptions of the market.
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As the market adapts to an era of restricted supply, car rental companies hone the process of buying and selling cars to keep fleet costs in line.
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The annual Conference of Automotive Remarketing (CAR), held in conjunction with the National Auto Auction Association (NAAA), attracted 694 attendees.The International Automotive Remarketers Alliance (IARA) held its winter roundtable prior to CAR with a theme focused on the future of remarketing.
Read More →CARMEL, IN - Just months after announcing the acquisition of OPENLANE, ADESA has already launched a single-sign on function on ADESA.com.
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CARMEL, IN - As part of ADESA's strategic alliance with Barrett-Jackson Auction Company, ADESA Phoenix will host its 2nd Annual Legendary Sales Week, Jan. 16-Jan. 20.
Read More →CARMEL, IN - ADESA announced it is integrating its physical ADESA auction locations with CarsArrive. CarsArrive is a subsidiary of OPENLANE that ADESA also acquired in the acquisition.
Read More →CARMEL, IN - In the U.S., Jason Ferreri is now senior VP in charge of commercial sales. Tim Zierden now has additional responsibilities for OPENLANE's dealer sales, and Trevor Henderson is now the managing director for OPENLANE while retaining his eBusiness and business development responsibilities for ADESA.
Read More →CARMEL, IN - KAR Auction Services' CEO Jim Hallett said the OPENLANE acquisition will further enhance KAR's online service offerings.
Read More →CHICAGO, IL - Wheels, Inc. honored its top regional auto auction facilities at an awards ceremony held in Chicago.
Read More →CARMEL, IN - ADESA’s mobile optimized website now enables users registered on DealerBlock to bid on vehicles, buy vehicles, and conduct the entire checkout process from their smartphones.
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