Once in a Lifetime Conditions Mean There May Never Be a Better Time to Remarket Vehicles

By Richard Mallek, Director of Business Development, FLD

Each quarter, FLD produces our quarterly White Metal Market Report, an in depth look at the factors affecting the wholesale used vehicle market.

And as in just about every industry, Covid has made predicting the future of the wholesale used vehicle – or really any used vehicle – market an exercise in futility. From shuttered businesses, to sheltering in place, the world is a much different place than any of us could have imagined just one short year ago.

Looking back, most of the companies and industries we work with were at a virtual standstill once the pandemic hit. And for the first few months, little happened as fleets took a wait and see attitude.

Then, something very surprising happened. Suddenly, the remarketing business kicked back into gear, and the second half of 2020 was a flurry of activity.