AFLA Conference Archives-Remarketing

Video Transcription

Video Summary

The panel discussion on remarketing in the automotive industry covered various key topics, including electrification's impact on future remarketed vehicles and the influence of remarketing on the total cost of vehicle ownership. Moderated by Steve Greenfield, the session featured insights from industry experts, including discussions on inventory challenges due to production pauses and the increased role of digital platforms in auction processes, leading to a push towards online vehicle transactions.<br /><br />While addressing the current market conditions, panelists noted the strong demand for used vehicles, driven partly by limited new car inventory and changing consumer buying behaviors, which have shifted towards more online and upstream remarketing channels. The conversation also touched on electric vehicles (EVs), highlighting infrastructure, charging, and range anxiety as barriers to broader adoption. However, increased consumer trust, particularly in digital auctions, and evolving battery evaluations could accelerate EVs' penetration in fleets.<br /><br />Concerning future trends, the session emphasized data-driven decision-making to maximize residual values and urged industry players to stay informed about market changes. The session concluded by predicting sustained high prices and lean inventories in 2022, reinforcing the appeal of EVs and online sales channels as long-term trends.

Asset Subtitle

Moderator: Steve Greenfield
Panelists: Barbara Bucher, Alex Yurchenko, Charlie Chesbrough, Arun Rejagopalan, and Debbie Struna

Meta Tag

Location San Antonio, TX

Year 2021

Keywords

automotive industry

remarketing

electrification

digital platforms

used vehicles

electric vehicles

online transactions

consumer behavior

data-driven decision-making

San Antonio, TX

2021