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The 19th annual Conference of Automotive Remarketing (CAR) changed venues this year to the Paris Las Vegas Hotel. Perhaps reflecting this change, most of the sessions and events looked to the future of the remarketing industry.
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Manheim, ADESA, and the independent auctions will begin developing a platform that allows simultaneous bidding on vehicles listed on multiple online auction sites that will be ready in the second half of 2014.
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Delray Beach, Fla.-based FLD has made a name for itself as providing high-tech solutions for its clients. For the past 33 years, it has been spearheading online and other types of technology that has helped transform the industry.
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When you electronically buy an airline ticket, you do so through an electronic hub, such as Egencia. When realtors electronically list homes for sale, they use a multiple listing service for all other realtors to simultaneously see the property listing. Many see comparable change occurring for the remarketing of vehicles in the wholesale market. The consensus among remarketers is not “if” this will occur, but “when.” And, just as important, most see it happening sooner, rather than later
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Automotive remarketing was born in 1938. Since then, it has evolved with the times.
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The fleet industry is keen on the idea of employee sales, but, surprisingly, there are fleets that don’t pursue this alternative to wholesale, minimizing depreciation and maximizing resale dollars.
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Vehicle remarketing has come a long way from its early “cattle” auction days. Advancements in technology have made it possible to reach a wider audience of prospective buyers.
Read More →ATLANTA - Sandy Schwartz, president of Manheim, talked about how advances in digital technology are transforming a variety of industries and businesses.
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