The first year of accumulated metrics from AutoIMS consignors and auctions points to a continued supply chain squeezing vehicle prices and mileage higher.
The latest quarterly report from AutoIMS underscores the trends steering the remarketing and auction industries.
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
The automotive remarketing sector is seeing big changes due to an increased use of technology, evolving vehicle mix and shifting expectations from buyers and sellers.
The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
In its 20th anniversary year, the International Automotive Remarketers Alliance showcased some of its most accomplished industry professionals.
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.
iSeeCars.com analyzed over 8.5 million used car sales across the three dealer types and found that rental car dealers consistently provide the greatest savings, while local dealerships are priced close to market value and virtual dealerships are priced above market value.
If the mid-month value of the Manheim Index holds for the full month, wholesale values will have completely recovered from the March and April declines.
According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
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