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IARA 20th Anniversary Issue: Chairman and immediate past President Paul Seger and current President Jeff Bescher see positive signs of a more stable vehicle marketplace ahead.
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Commercial clients stand to benefit from more streamlined and standardized reporting and timely performance results.
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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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The fleet management company's new vehicle remarketing program shortens the needed selling time.
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According to the mid-month Manheim Used Vehicle Value Index average mileage for rental risk units in the first half of January — 49,800 miles — was down 3% compared to a year ago and down 4% month-over-month.
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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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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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