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48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
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The 2016 Conference of Automotive Remarketing (CAR) took place March 16-17 at Caesars Palace, Las Vegas. Now in its 21st year, CAR delivered high-quality discussions and information on subjects ranging from automating the if-bid system to how to maximize auction earnings to a look forward to residual values for 2016-2017. In addition, attendees had plenty of opportunities to network and build their personal and professional connections. Photos by Chris Wolski and Steve Reed.
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Full-size pickups led vehicle depreciation in February, while mid-size cars, full-size cars, and utility vehicles held their value best, according to Black Book.
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Used commercial vehicle transactions of GVW 3-8 vehicles were just over 176,000 units during the last quarter of the 2015 calendar year, up 14.3 percent from the same time period in 2014 calendar year.
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Car shoppers now get a Carfax Vehicle History Report with every Chevrolet, Buick, and GMC Certified car, truck, and SUV at no-cost from the selling dealer.
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Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.
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Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.
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Element Financial Corporation has appointed Bill Cieslak and Paul Seger as vice presidents for its remarketing unit.
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The wholesale used-vehicle market finished 2015 stronger than expected with an average 13.2% depreciation rate for used vehicles two to six years old and trucks retaining their value 9% better than passenger cars on average.
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GM announced the company is launching the Factory Pre-Owned Collection as another example of GM’s efforts to earn customers for life.
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LINE-X showed its continued commitment to U.S. veterans by donating $50,000 to UCLA Operation Mend
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