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The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
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Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
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Leanne Thames has been appointed operations director at cinch, effective start July 2021. The online used car retailer is owned by Constellation Automotive Group, which includes B2B used-vehicle auction company BCA in its brand portfolio.
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James Davis, customer strategy and insight director (commercial vehicles) for Cox Automotive Europe, passed on July 11, 2021. He was 47 years old. In this position, Davis assumed an industry thought leadership role that involved building, sustaining, and evolving deep long-term open trust relationships with customers, business partners, suppliers, and industry bodies.
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The fleet management company's new vehicle remarketing program shortens the needed selling time.
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Week Two of the 2021 Global Fleet Experience, a month-long virtual event, will feature four new sessions on Mexico, Canada and the United Kingdom as well as best practices in managing vehicle residual values in a globally dispersed fleet on May 11 and May 13. To register for any or all sessions, visit https://www.globalfleetexperience.com
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Vehicles from fleet consignors followed the broader used-vehicle market downward in September, as wholesale prices struggled to keep up with last year's hurricane-driven demand and a now robust upstream market, said Tom Kontos, KAR Auction Services' chief economist.
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More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
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TradeRev started as a dealer-to-dealer mobile app, but has expanded its offerings to give more real-time auction access to commercial fleets and fleet management companies.
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Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
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