The Remarketing Trends Worth Your Attention
Hear the latest digital trend insights from two industry executives at CAR on Thursday, March 30 at 10:45 am.
Graphic: Bobit / Photos: Cox Automotive
This year’s Conference of Automotive Remarketing offers at least one session to prioritize those industry trends and shifts that matter most.
Two experts who work on the cutting edge of remarketing advances will delve into how consignors and auctions can embrace and adjust to new technologies, digital realities, and new products and services.
Zach Hallowell serves as vice president for Manheim Digital Marketplace and RMS Automotive where he directs and coordinates the overall domestic and global operational activities for digital channels — OVE, Manheim.com and Simulcast as well as OEM-specific marketplaces, along with RMS Automotive and its global business. Pete Grupposo serves as senior vice president of sales for Cox Automotive Inc., where he oversees the commercial sales, dealer sales, and market insights teams for Manheim and NextGear Capital. He brings 18 years of experience and leadership in automotive, working with dealers and large commercial clients.
The concurrent session takes place on Thursday, March 30 at 10:45 am in the CAR conference area at Caesars Palace Las Vegas.
Among the leading topics Hallowell and Grupposo will analyze: How buyer behavior is adjusting to vehicle inventory shortages; the growth in assurance products; more accurate vehicle condition reports; and the constant rapid evolution of digital tools, resources and transactions.
“The market has been on fire but it is slowing down,” Grupposo said. “Commercial consigners need to know how to adapt. So far, 2022 has provided a clear guide on what not acting fast can do.”
The panelists are seeing digital transformations in the consignor-auction transaction chain firsthand as the number of vehicles acquired and sold online increases faster each year.
The Conference of Automotive Remarketing, held in partnership with the International Automotive Remarketers Alliance and the National Auto Auction Association, takes place March 28-30 at Caesars Palace Las Vegas, and includes a full agenda and exhibit hall spanning consignment, auction operations, industry economics and politics, auto transport, electric vehicles, digital technology, automotive recon, professional training, industry outlooks, and more.
Originally posted on Vehicle Remarketing