IARA Summer Roundtable: In a free-wheeling interview, entrepreneur and used car industry disruptor Ernie Garcia delivers insights on his mega-merger deal and a customer-friendly e-commerce model.
The 7th and largest class group is well on its way to earning the “executive MBA” equivalent of an auction industry education.
The FMC’s new report assesses issues impacting fleets, including safety, acquisition, remarketing, and fuel in the U.S., Canada, and Mexico.
The difficulty sourcing replacement vehicles has forced many fleets to adopt a “fleet preservation” strategy to mitigate the impact of operating higher-mileage vehicles that remain in service beyond their normal replacement cycle.
Fleet budgets have been negatively impacted by escalating fuel prices, higher acquisition costs, decreased fleet incentives, unscheduled maintenance, and volatile upfitting expenses. One silver lining is strong vehicle resale values.
Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
CAR 2022 IARA Session: Look for new avenues and platforms for buying and selling used vehicles among consignors, auctions, and dealers.
A closing session at the Conference of Automotive Remarketing aims to steer the industry agenda ahead.
2022 New Faces: These industry figures are taking on roles on the board and/or committees of the International Automotive Remarketers Alliance.
The first year of accumulated metrics from AutoIMS consignors and auctions points to a continued supply chain squeezing vehicle prices and mileage higher.
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