Vehicle remarketing

ReMarkets Announces Executive Transition

Retrieved on: 
Wednesday, December 21, 2022
Vehicle remarketing, Sale, Arrow Electronics, Electronics, Growth, Video game, Management

AUSTIN, Texas, Dec. 21, 2022 /PRNewswire/ -- ReMarkets (the "Company"), a provider of lifecycle management solutions for technology assets and a facilitator for the global circular economy, today announced that its founder and Chief Executive Officer, Jeff Zeigler, will retire from the Company at the close of 2022. Mr. Zeigler has spent nearly three decades as a successful founder and CEO in the lifecycle management industry.

Key Points: 
  • After the successful sale of its European-based business unit, ReMarkets announces an orderly leadership transition.
  • ReMarkets is proud to announce that Jake Player will be promoted to Chief Executive Officer.
  • I'm thrilled that my friend and colleague Jake Player will take the baton and lead ReMarkets into the future."
  • "We want to thank Jeff for his talent, vision, and leadership and are excited that Jake will guide ReMarkets moving forward," said Tom Meredith, Partner at Brightstar Capital Partners , majority owner of ReMarkets.

Global Resale Rebrands as ReMarkets

Retrieved on: 
Tuesday, November 29, 2022
Circular economy, E-commerce, The Company, ESG, Partner, Investment, Sale, Vehicle remarketing, Customer, Original equipment manufacturer, Acquisition, Risk management

AUSTIN, Texas, Nov. 29, 2022 /PRNewswire/ -- Global Resale, LLC, a provider of lifecycle solutions for technology assets, announced today that it has rebranded as ReMarkets ("The Company") in conjunction with the recently completed sale of the Company's UK-based business unit to Foxway, a Swedish-based company that enables circular tech.

Key Points: 
  • ReMarkets, headquartered in Austin, Texas, provides end-to-end lifecycle management services and solutions, partnering with global supply chain technology manufacturers and suppliers to source high-quality assets and help those companies receive enhanced returns on those assets while pursuing their ESG goals.
  • ReMarkets uses its expanding eCommerce platform to provide business and consumer customers with quality, certified equipment that has been rigorously tested, inspected, and refurbished in ReMarkets certified facilities.
  • "ReMarkets is well positioned to continue and expand its leadership role in the global circular economy," noted Tom Meredith, Board Chair of ReMarkets', and a Partner at Brightstar Capital Partners , the majority owner of ReMarkets.
  • With its quality assets, certified facilities, rigorous processes, and solid industry relationships, ReMarkets offers a valuable solution for technology providers and users."

Penske Expands Used Truck Center Footprint

Retrieved on: 
Friday, October 21, 2022
International, Mitchell, Volvo, Vehicle remarketing, Penske Corporation, GMC, Multimedia, Industry, Ford Motor Company, Isuzu, Address, Penske Truck Leasing, Freightliner

READING, Pa., Oct. 21, 2022 /PRNewswire/ -- In response to continued industry demand for used vehicles, Penske has increased the footprint of its network of used truck centers with four recently opened locations in Kansas City, Missouri, Chicago, Miami, and Tampa, Florida.

Key Points: 
  • READING, Pa., Oct. 21, 2022 /PRNewswire/ -- In response to continued industry demand for used vehicles, Penske has increased the footprint of its network of used truck centers with four recently opened locations in Kansas City, Missouri, Chicago, Miami, and Tampa, Florida.
  • "While the majority of our used vehicle sales continue to take place online, our physical used truck centers also remain an effective channel and touchpoint with business customers," said Jack Mitchell, senior vice president of Vehicle Remarketing at Penske.
  • Penske Used Trucks,a business unit of Penske Truck Leasing, is a leading seller of high-quality late-model used commercial trucks to retail, wholesale, used truck dealers, and corporate truck fleet buyers.
  • Penske sells used sleeper and day cab semi-tractors, straight trucks, flatbeds, refrigerated vans, semi-trailers, box trucks, cargo vans, and more.

Traxen Deploys Intuitive, Fuel-Saving iQ-Pilot™ on United Road Services Trucks

Retrieved on: 
Monday, February 14, 2022
Vehicle remarketing, CO2, Time, Carbon, Weather, Efficiency, Safety, Technology, Artificial intelligence, Maintenance, Fatigue, OE, Adaptive cruise control, United Road Transport Union, Industry, Airline, Propane, Old Trafford

The 400-unit production contract with United Road Services, the nation's largest finished vehicle transport company, follows a successful pilot and four-month trial on five trucks that yielded excellent results.

Key Points: 
  • The 400-unit production contract with United Road Services, the nation's largest finished vehicle transport company, follows a successful pilot and four-month trial on five trucks that yielded excellent results.
  • United Road COO Jason Walker said, "United Road is a technology-solutions driven company, so we welcomed the opportunity to work with Traxen.
  • Traxen founder and CEO Ali Maleki is pleased with how much the United Road drivers used iQ-Pilot during the trial.
  • Traxen has already begun installing units for United Road and anticipates full installation will be completed within the next 12-18 months.

ADESA Launches "Off-Lease Exclusive" on ADESA.com

Retrieved on: 
Thursday, April 15, 2021
Vehicle remarketing, Articles, Lease, New York Stock Exchange, Kar, Law, Business

b'CARMEL, Ind., April 15, 2021 /PRNewswire/ --ADESA, a leading provider of digital marketplaces for used vehicles, announces the launch of "Off-Lease Exclusive" on ADESA.com.

Key Points: 
  • b'CARMEL, Ind., April 15, 2021 /PRNewswire/ --ADESA, a leading provider of digital marketplaces for used vehicles, announces the launch of "Off-Lease Exclusive" on ADESA.com.
  • ADESA is a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR).
  • "Thousands of these cars become available every dayfresh off our commercial private label platforms and available only on ADESA.com.
  • "\nBuyers can instantly identify fresh, CPO-quality vehicles on ADESA.com by looking for the new teal-colored "star tag" icon on all Off-Lease Exclusive inventory.

bidadoo Achieves Record Q1 with 40% Sales Growth And 144% Increase In Online Traffic As Traditional Models Are Replaced With Trusted Online Marketplaces

Retrieved on: 
Wednesday, April 7, 2021
Business models, Auction, Online auction, Online marketplace, Vehicle remarketing, Liquidity Services

bidadoo achieved over 40% growth in the first quarter sales, year-over-year, with new-visitor web traffic over doubling at 144%.

Key Points: 
  • bidadoo achieved over 40% growth in the first quarter sales, year-over-year, with new-visitor web traffic over doubling at 144%.
  • bidadoo's trusted on-demand marketplace eliminates the need to travel to purchase or sell equipment - bidadoo brings the auction to you.
  • With a full year of the Covid-19 pandemic behind us, bidadoo has seen accelerated growth and demand for their online remarketing services.
  • As online marketplaces displace traditional business models, online auctions are rapidly replacing legacy land-based auctions.

VINData Products LLC Launches New Vehicle History Report And Data Services

Retrieved on: 
Thursday, December 17, 2020
Vehicle remarketing

VINData CEO, Tim Gamwell says, "VINData Products helps clients manage risk, improve vehicle remarketing, drive intelligent decision making, and extract value from vehicle data.

Key Points: 
  • VINData CEO, Tim Gamwell says, "VINData Products helps clients manage risk, improve vehicle remarketing, drive intelligent decision making, and extract value from vehicle data.
  • Automotive industry veterans, who together possess over 80 years of vehicle history and automotive data related experience, have joined forces to create a unique online vehicle data application and service.
  • VINData Products LLC provides leading automotive data services with robust, cost effective commercial and custom, white label data products.
  • The services help clients manage risk, improve vehicle remarketing, drive intelligent decision-making, and extract value from vehicle data.

KAR Global Launches Interactive Insights for Buyers and Sellers

Retrieved on: 
Tuesday, June 16, 2020
Kar, Platyninae, Vehicle remarketing

CARMEL, Ind., June 16, 2020 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announces the launch of the company's new buyer and seller insights available on KARglobal.com.

Key Points: 
  • CARMEL, Ind., June 16, 2020 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announces the launch of the company's new buyer and seller insights available on KARglobal.com.
  • "KAR wants our wholesale customers to make the best, most informed buying and selling decisions possible," said Peter Kelly, president of KAR.
  • "Data science and analytics are the backbone of KAR Global's progressive technology infrastructure," said Tom Fisher, chief digital officer of KAR.
  • The new KAR Global insights page can be accessed directly at www.karglobal.com/dashboards .

ESP Auto Auction and former ADESA CEO buy Online dealer to dealer platform TradeHelper

Retrieved on: 
Monday, June 8, 2020
Auctions, Auction theory, Game theory, Vehicle remarketing, Strategic management, Auto auction, Boisvert, Dealer, Microeconomics, Manheim Auctions

MONTREAL, June 8, 2020 /PRNewswire/ --Canadian auto auction leader ESP auction and it's President Alain Boisvert and former ADESA auction's President and CEO Stephane St-Hilaire announced today that they have acquired a majority stake in the Canadian Online dealer to dealer auction platform TradeHelper.

Key Points: 
  • MONTREAL, June 8, 2020 /PRNewswire/ --Canadian auto auction leader ESP auction and it's President Alain Boisvert and former ADESA auction's President and CEO Stephane St-Hilaire announced today that they have acquired a majority stake in the Canadian Online dealer to dealer auction platform TradeHelper.
  • ESP auction, a physical wholesale auto auction located in Montreal, Quebec and TradeHelper, an online dealer to dealer auto auction platform in Eastern Canada plan to combine their networks and integrate their online and physical auction services in what is to become the first Independent auto auction to expand its services with its own online dealer to dealer auction platform.
  • TradeHelper, together with ESP's 17 years in the auto auction industry is the perfect combination for complete vehicle remarketing services in the Canadian market," said Alain Boisvert, Owner and President of ESP Auction.
  • "TradeHelper is a growing online dealer to dealer platform in Eastern Canada serving nearly 5,000 car dealers.

ADESA Simulcast Remote Seller Delivers Upgraded User Experience

Retrieved on: 
Tuesday, January 14, 2020
Digital technology, Computing, Business, Vehicle remarketing, Auction theory, Auctions, Carmel, Indiana, Dashboard

CARMEL, Ind., Jan. 14, 2020 /PRNewswire/ -- ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, d/b/a KAR Global (NYSE: KAR), launches an advanced ADESA Simulcast remote seller dashboard showcasing at-a-glance, vehicle-specific auction participation, bid activity, vehicle values and vehicle comparisons.

Key Points: 
  • CARMEL, Ind., Jan. 14, 2020 /PRNewswire/ -- ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, d/b/a KAR Global (NYSE: KAR), launches an advanced ADESA Simulcast remote seller dashboard showcasing at-a-glance, vehicle-specific auction participation, bid activity, vehicle values and vehicle comparisons.
  • "At ADESA, we listen to our customers and are continuously working to move their user experience to the next level," said John Hammer, president of ADESA.
  • Our new remote seller dashboard allows them to see bid performance on each vehicle and how it compares to their set reserve, guidebook and the ADESA Market Guide national average giving sellers actionable insights on bid activity."
  • ADESA Simulcast remote seller dashboard includes asale overview widget that keeps count of a seller'stransactions and updates in real time.