This year’s Conference on Automotive Remarketing will mark a bigger notch in time than usual following the disruptions and changes brought by the global pandemic. This first CAR event in two years — in-person and livestreamed — will cover the many new emerging trends affecting the industry.
Among the most notable is the growth in electric vehicles in recent years, which is why this year’s keynote looks at the all-electric future. Jennifer Costabile, the general director of marketing, sales, operations and used vehicle activities for General Motors, will examine how EVs will change the mix of vehicles that GM remarkets at auction and what auctions and used-vehicle remarketers can do to better position themselves to leverage the growing market of used EVs to their benefit. Costabile will draw upon GM’s commitment to bring 30 new global electric vehicles to market by 2025.
The session will be held from 12:30 p.m. to 1:15 ET/9:30 a.m. to 10:15 PT on Thursday, June 17 during the CAR conference being held June 16-17 at Caesar’s Las Vegas. The in-person/virtual event will be livestreamed to those attendees attending via digital connections.
The keynote topic will complement another main session, Remarketing Trends in a Post-COVID Resale Market, which will pose the question: In the coming years, how might the consigned vehicle inventory mix evolve as more EVs and fewer sedans enter the wholesale market?
This session, which runs 6:30 pm to 7:15 pm ET/3:30 p.m. PT to 4:15 pm on Wednesday, June 16, will be led by Douglas Campbell, vice president remarketing, Americas, for the Avis Budget Group. In this role he is responsible for the strategic leadership and oversight of the company’s wholesale, retail sales, and OEM program vehicles in the U.S., and oversees the growth the company’s brick and mortar retail car sales stores.
Among other trends: When the economy transitions to a post-COVID environment, what trends will influence the future evolution and direction of the wholesale remarketing industry? Will digital sales ultimately take ascendency over in-lane sales or will buying habits revert to traditional norms? With changing inventory, in particular those assets used in mobility applications, what initiatives in the various resale channels are needed to decrease days-to-sale to maximize resale values?