The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
The fleet management company's new vehicle remarketing program shortens the needed selling time.
Fleet electrification has been a focus at Geotab Extend, with executives discussing resale value, battery health, total cost of ownership, and cost of tracking.
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.
More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
TradeRev started as a dealer-to-dealer mobile app, but has expanded its offerings to give more real-time auction access to commercial fleets and fleet management companies.
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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