Condition Reports: Retaining Value for Off-Lease Vehicles

When a fleet vehicle heads to auction, its history and condition at the point of sale will largely determine its sale price. A brand and model that’s in better shape than a more beat-up sibling can fetch a significantly higher resale price.

Seasoned fleet managers take control of this process shortly after purchasing the vehicle, by implementing an effective preventative maintenance and repair program that ensures a vehicle will reach auction in good shape.

 

http://www.automotive-fleet.com/channel/remarketing/article/story/2017/10/how-to-assess-the-condition-of-off-lease-vehicles.aspx

AiM’s Avis Direct Program Highlighted “Rental Car Companies Seek Residual Refuge In Non-Auction Venues”

DETROIT, Michigan (August. 22, 2017)

Seeking shelter from volatile residual values, rental car companies are selling more retired rental vehicles directly to dealers and consumers through non-auction sales channels.

Avis Budget Group Inc. and Hertz Global Holdings Inc. said during their respective first quarter conference calls that per-unit fleet costs rose substantially in the quarter because of lower-than-expected used-vehicle values when they sold their retired vehicles.

http://www.autoremarketing.com/wholesale/rental-car-companies-seek-residual-refuge-non-auction-venues

 

AiM Debuts All New Wholesale Floor Plan Audit Platform

AiM Verify allows lenders to see dealership inventory even when an audit is underway

LONG BEACH, Calif. (Jan. 18, 2016) – Alliance Inspection Management (AiM) – a national independent third party inspection and floorplan auditing company – has developed and released AiM’s new proprietary wholesale floorplan system, AiM Verify, which allows automotive and finance institutions to mitigate risks associated with lending by providing customizable, accurate vehicle inventory audits for their dealership networks across the U.S. and Canada.

AiM developed AiM Verify to support its inventory reconciliation process based upon input from internal field staff auditors, management team and valued floor plan clients. AiM’s field staff is now equipped with the latest Android tablets featuring AiM Verify Mobile, a proprietary software designed to improve the accuracy and efficiency of auditing.

“When developing the AiM Verify platform, we looked for ways that we could incorporate new technology to create a scalable model for wholesale vehicle floor plan audits,” said Jim Yates, chief executive officer and president at AiM. “By deploying new hardware and software to our auditors, we can provide a significant leap forward over what’s currently available in the market and continue to support the entire wholesale floor plan audit industry as a trusted third-party.”

AiM Verify customers will benefit from real-time, accurate reporting of on- and off-site inventory. The intuitive data capturing, dashboards and reports are easily customizable to suit the individual needs of each customer, and help minimize risks for companies in the automotive finance industry.

“Additionally, AiM Verify is being supported by our internal IT team, which allows for real-time support and quick reactions to our clients’ needs, ensuring confidence in our product, team and overall ability to manage risk,” added Yates.

AiM Verify is part of a growing suite of apps and technology tools developed by AiM as part of its mission to drive the success of our customers, field staff and the industry.

For more information about AiM, visit aiminspections.com.

About AiM

Founded in 2005, AiM (Alliance Inspection Management), an innovative North American automotive remarketing service organization, was established to provide the industry with standardized inspections from an independent, third-party company. Winner of the “Best Multiple Platform Provider” award for AiM MarketConnectTM, AiM is leading the industry with innovative technology solutions to deliver process driven accuracy, quality and efficiency. The company supports automotive manufacturers, rental fleet operators, dealers, auctions, finance companies and consumers by providing them with a suite of services including inspections, asset verifications, floor plan audits, claims processing and logistics process improvements. AiM’s national footprint of 1,500 full-time employees conduct more than 13 million inspections every year and more than 8,000 audits with excess of 1.9 million units. AiM is recognized as the trustworthy bridge between buyers and sellers. For more information, visit aiminspections.com or aimmobileinspections.com.

AiM Expands Its Sales & Marketing Division

LONG BEACH, Calif. (Sept. 19, 2016) — Alliance Inspection Management (AiM), a national independent third-party inspection company, has hired Michael Francis as the National Sales Director of Used Cars & Rental Cars. Francis will lead and oversee AiM’s sales growth and retention in its major used and rental car vehicle inspection markets, focusing on developing and fostering relationships with current and potential clients to maintain and grow revenue in their respective sales channel. Francis will report to Eric Widmer, AiM Senior Vice President of Sales and Marketing.

“Mike Francis’ extensive auto remarketing experience will make AiM’s sales team even stronger, Mike brings a unique point of view in regards to digital remarketing and online sales,” said Widmer. “As a National Sales Director, he will help AiM customers wholesale cars faster and work with rental companies to increase the speed at which they can complete their remarketing processes.”

Francis has over 20 years of automotive industry experience, working for brands including Volkswagen of America and most recently, Ally Financial, where he served as Director of National Accounts at SmartAuction. There, he was responsible for directing strategic initiatives with OEM’s/captives, rental companies, banks, as well as strategic buyers and sellers to diversify and grow the SmartAuction platform.

For more information on AiM, please visit http://homepage.aiminspections.com/

AiM Hires New Vice President of Auction Operations

LONG BEACH, Calif. (May 9, 2016) Alliance Inspection Management (AiM), a national independent third-party inspection company, has hired a new Vice President of Auction Operations. Effective May 2, 2016, Jeff Gaetz will oversee and manage all of AiM’s vehicle inspection operations at various auctions sites around the U.S. Gaetz’s responsibilities will also include managing AiMs nationwide network of auction inspections and operations as well as supporting customer relationships throughout the U.S. and Canada. In his role, he will also work to grow the business at fixed locations and work with the major consignors, auction companies and independent auctions to provide inspection services and technology solutions to meet the needs of buyers and sellers. Gaetz will report to Tom Gardner, Sr. Vice President of Operations.

“Jeff Gaetz is a great addition to the AiM team,” said Tom Gardner, Sr. Vice President of Operations. “He brings a wealth of experience in auction operations and is well-respected in the auto auction industry. Jeff can immediately provide great leadership and support to our organization and to our customers.”

Jeff Gaetz previous experience includes more than 20 years at Southern Auto Auction, where he last held the position of National Sales Manager. His primary focus was on nurturing national and regional accounts in the automotive, banking and finance industries. Gaetz holds a Bachelor of Science in Business Administration degree from Norwich University. Gaetz has also been employed by Eastern Powersports as Vice President and by Hertz Corporation as a Regional Car Sales Manager where he managed the retail, wholesale and special event operations in the Northeast.  He developed the automotive auction industry’s first vehicle management solution, “Auction 2000.”

Welcome To AiM, Jeff!

 

 

Launching AiM Inspect OVE Android App

Long Beach, California – AiM is excited to announce the national release of AiM Inspect OVE, a mobile app to help our field service managers (FSMs) conduct Manheim OVE outside the gate inspections. AiM Inspect OVE runs on Active smartphones. It replaces InspeXmobile and Toughbooks for conducting OVE outside the gate inspections. The app is part of our continual transition to next generation technology to power our inspection professionals and the industry.

Inspections from the new app receive an AutoGrade, generate an InSight CR and automatically post on OVE.com. Features of the app include built-in Capture functionality, integrated photo capabilities and a user-friendly flat car interface for entering damages. The new app is being rolled-out in waves. FSMs will receive information shortly on next steps.

We are launching AiM CRM OVE in parallel with the roll-out of the Android app. AiM CRM OVE is a web-based app to help our dispatchers manage OVE inspection requests. It replaces the existing CRM for managing OVE inspection requests. The web-app is the first version of a new tool-set for dispatchers aimed at efficiency and superior service for our customers.

“AiM is committed to working closely with its customers to meet their ongoing inspection needs,” said Jim Yates, CEO. “The apps represent the next generation of tools to deliver high quality, accurate and consistent inspections with the added value of having remarketing in mind. The new apps were built in close collaboration with customers, clients and inspection professionals.”

“We understand our customers’ needs for timely and accurate inspections that can contribute to downstream activities,” said Eric Widmer, SVP Sales. “This new generation of inspection tools is part of our commitment to continual improvement to serving our clients and customers’ needs and the inspection industry.”

AiM Inspect OVE and AiM CRM OVE are the most recent products developed and released as part of a large scale investment by AiM and its alliance partners in the future of the inspection industry and in inspection professionals.

 

Manheim Teams With AiM To Expand Inspection Services

ATLANTA –

Manheim on Tuesday announced it is teaming up with Alliance Inspection Management to enhance its vehicle inspection capabilities at auction sites and dealerships throughout the U.S.

More than ever, dealers are relying on inspection reports to aid the sales process and make buying decisions. Last year, Manheim conducted 3.5 million vehicle inspections, and the company expects that figure to top 4.2 million this year.

To Read More Click Here

 

Making The Right Call On A Used Car

Buying a used car is daunting. A quick search online may reveal thousands of options, and unlike new cars no two used cars are the same. While a pair of used vehicles may have the same equipment, the similarities stop there because of mileage, usage and maintenance. Lacking an in depth look into a vehicle’s history and mechanical shape, it’s difficult to make the right call…

To Read More Click Here

It May Be Left To Vendors To Create Cross-Platform Auctions

ORLANDO — How to allow auction buyers to bid for vehicles across competing auction company platforms until the sale is done, without the platforms having to work together?

Let outside vendors, rather than the industry giants, figure it out.

That’s the view of some remarketers who realize that the major, competing platform players — ADESA’s ADESA.com, Manheim’s OVE.com, and Ally Financial Inc.’s SmartAuction — may not come together to provide that solution.

Mike Reid, remarketing manager at Toyota Financial Services Inc., said he believes cross-bidding across multiple platforms is a good idea because it exposes his vehicles to more potential buyers

To Read More Click Here

 

Avis Direct: A Successful Partnership Powered By AiM Technology!

Avis Direct Tops 3,000 Registered Dealers

PARSIPPANY, N.J. –

Avis Budget Group announced on Tuesday that more than 3,000 dealers have registered to date to participate in Avis Direct, the company’s used-vehicle sales program designed exclusively for licensed dealers.

Launched in February of last year, Avis Direct is designed to provide dealers with a dedicated website to buy late-model, off-rental vehicles from the Avis, Budget, Payless and Zipcar brands — with no enrollment or purchase fees.
To Read More Click Here