March 28, 2023
Commercial Fleets Identify ‘Pain Points’ in Vehicle Remarketing
The 138th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich. In this episode, Mike examines current issues and stresses in the vehicle remarketing market.
Today's topics include:
- The used-vehicle market remains strong for commercial fleet remarketing out-of-service company vehicles at auction, but there are three pain points that are negatively impacting fleets.
- The ongoing delays in shipping out-of-service fleet vehicles to auction is increasing days-to-sale, which is increasing fleet depreciation expenses.
- There are backlogs in de-identifying fleet vehicles, sometimes as long as three to four weeks. Fleets require that their vehicles be de-identified of all logos and signage before they can be sold at auction. These delays are increasing days-to-sale.
- A third pain point is the lack of consistency at auctions in writing condition reports, which are the basis of how a vehicle is graded and has a direct bearing on the ultimate sale price.
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⌚ Timestamps ⌚
02:18 Delays in Transporting Vehicles to Auction
04:46 Backlogs in De-Identifying Vehicles
05:50 Inconsistency in Vehicle Condition Reports