The slowing economy has driven average vehicle sale and floor prices past a turning point compared to last year.
Auctions received vehicles from a more diverse stream of sources in the last quarter as data could be signaling some inflection points in the market.
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.
The company's second quarterly report in a row highlights key aggregate metrics for the auction industry.
Auctions, consignors, and transporters can use a new, connected mobile application that helps tighten the chain of custody, ease communication, and create transparency.
Over the past three years commercial remarketers have cut the time it takes to sell a vehicle from the moment it arrives at auction by five days.
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