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DES PLAINES, IL – The Outstanding Performance Awards were presented to vendors that delivered the highest sales performance results for Wheels' clients.
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TORRANCE, CA – Denny Hecker, chairman of Advantage Rent A Car, and Mark Mathews, director of used-vehicle activities for General Motors, will be the keynote speakers at the 2009 Conference of Automotive Remarketing (CAR) in Las Vegas, Feb. 25–26.
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Wholesale auction prices have begun to stabilize, though the recent financial crisis could throw a monkey wrench into gains.
Read More →The past two weeks have produced a dizzying string of announcements ranging from Chrysler Financial stopping lease financing, Chase Auto Finance no longer providing lease financing for Chrysler brands, Wells Fargo ending lease financing, all major OEMs decreasing truck production volumes, and HSBC Financial Corp.’s decision to stop funding auto loans. All of which may be good news for fleets remarketing vehicles two to three years from now.
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Resale values for pickup trucks have declined by 15-25 percent due to such factors as high fuel prices, tightened consumer credit, and a stagnant construction market.
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At the 2008 Conference of Automotive Remarketing (CAR) in Las Vegas, Jim Hallett of ADESA shared his insights on the future of the remarketing industry, in particular, the impact of technology.
Read More →A combination of market forces have converged to create a “perfect storm” to drive down resale values for pickup trucks by 15-25 percent. These convergent forces are higher fuel prices, tighter consumer credit, and a stagnant construction market. As a result, the pool of buyers (hence market demand) for used trucks has contracted, putting downward pressure on resale prices.
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Donating your out-of-service vehicles to charity helps your business get a better tax deduction, reduce liability and receive positive public relations.
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Drawing more than 580 attendees, this year’s spring remarketing conferences offered an array of more than 65 speakers, plus abundant networking opportunities. The IARA Winter Roundtable included a remarketing town hall meeting and awards presentation.
Read More →Most fleet vehicles are purchased by subprime buyers; however, these buyers are now finding it increasingly difficult to qualify for used-vehicle loans. The slowdown in the construction market is dampening demand for used pickups, and full-size work vans.
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