PHH Arval has introduced PHH eValueBuy, an online capability that enables corporate clients to sell their used fleet vehicles to company employees via the Internet. Fleets using PHH eValueBuy have their used vehicles posted on a customized Web site. Employees of the company can see images of each vehicle for sale, along with a detailed condition report and – new to the industry – a quality rating. Interested buyers can follow easy instructions on the Web site to purchase vehicles.
PHH experts in used vehicle sales provide consultative advice to clients on policy and pricing, as well as consultative support to ensure online employee sales is a high-performing channel to help manage depreciation. The following program benefits are unique to PHH eValueBuy:
- PHH Arval offers quality ratings to help buyers evaluate online vehicle choices. Buyers can have confidence they are purchasing good quality vehicles.
- The company driver who is assigned the vehicle prior to its sale does not need to be involved in obtaining condition reports, which means greater productivity on the job.
- If the vehicles are not purchased through PHH eValueBuy, PHH makes sure they are located at the best performing sales facilities, so they can be sold for the highest prices in the fastest time. Bill Cieslak, PHH vice president of used vehicle sales, says, "Statistics show that employee sales programs generally yield higher returns for the company. PHH eValueBuy is ideal for clients who want all their company employees to have the benefit of access to well-maintained used vehicles at prices below retail. We've taken great pains to ensure that our online employee sales program enhances PHH's overall strategy to sell each vehicle as quickly as possible in the most beneficial channel."