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Remarketing

Automotive Fleet views itself as a facilitator to provide a platform for different voices from the industry to sound-off on today’s challenges. This regular column is designed to encourage discourse for fleet professionals to let their voices be heard to their peers and other industry professionals. Here is what is top of mind for fleet professionals concerning vehicle remarketing, electrification, and fuel management:

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New Sales Director Role At Cox Automotive Europe

Cox Automotive Europe, the world-leasing automotive services operation, has created a new Sales Director role and appointed Sam Watkins to the position, effective June 7, 2021. Watkins, who after two years has recently stepped down as Chair of the Vehicle Remarketing Association (VRA), will report to James Leese, Chief Customer Officer for Cox Automotive Europe.

Shortcycling Re-emerges to Leverage the Strong Used-Vehicle Market

Today’s used-vehicle market is the best it’s been in the history of fleet management and my anecdotal forecast is for it to remain strong through the balance of 2021 and into calendar-year 2022. As a result of these favorable market conditions, some fleets have begun shortcycling some of fleet vehicles.

Auctions That Grew Through a Tough Year

The Conference of Automotive Remarketing will feature examples of auction companies that not only survived the decreasing vehicle volumes during the pandemic but expanded their business.

Cox Automotive Acquires German Remarketing Platform pkwNOW

The automotive services provider Cox Automotive announced May 4, 2021 that it is expanding operations into Germany by acquiring pkwNOW, a dealer-to-dealer (D2D) online auction platform.Fitting pkwNOW into the company’s extensive brand portfolio will help Cox Automotive increase its European presence, says the firm and increase sold car volumes in Germany.

Remarketing During the Pandemic Recovery

While the COVID-19 pandemic slowed remarketing efforts for some fleets and ramped them up for others over the past year, 2021 fleet remarketing is looking better for most everyone. 

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