CHICAGO –

Auto Auction Services Corp. announced that it had recently hosted a workshop with key consignors to “design the future of remarketing.” The Aug. 18 event lasted half a day and included 13 client organizations that represented a cross-section of the remarketing industry’s commercial consignors.

Those present at the meeting, dubbed “Project Client Insight,” discussed the business and technology opportunities and challenges that are faced in the remarking industry with the aim to brainstorm ideas for the future. While agreeing on issues such as multi-platform selling, vehicle grading consistency and condition reporting, all participants also agreed that more emphasis needs to be placed on performance-measuring data and business accountability.

Eighteen long-term ideas for new technology and services were presented, five of which were prioritized into a short-term project list, according to the AASC:

  1. A “Set for Sale Calendar” tool
  2. New sales results dashboard metrics
  3. Numerous additional pre-calculated “smart fields” in AutoIMS
  4. An effort to drive standardization in auction expense reporting
  5. The development of more robust mobile tools for the industry

“As a result of the PCI meeting, we are confident that these projects will have a meaningful, positive and lasting impact on the industry and our clients’ bottom lines,” said Joe Miller, AASC’s customer service director.