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The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
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Vehicle reconditioning, transportation, and arbitration issues were key topics at the remarketing organization’s mid-year conference in San Diego.
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Examined are the implications of the Sarbanes-Oxley Act on fleet incentive monies that are not capitalized into the cost of a vehicle, the sale of out-of-service vehicles to employees, and process controls for decentralized fleets.
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Automotive Lease Guide’s Fleet Residuals model provides fleet managers with accurate used-vehicle value projections based on historical auction resale trends, seasonality depreciation rates, and incentive levels.
Read More →Through Black Book’s Commercial Value Xpress service, fleet managers can now accurately benchmark vehicle resale performance against an industry average index, set at 100 percent.
Read More →Through LeasePlan’s reDrive! upstream remarketing program, powered by Driveitaway, Philips Medical Systems’ fleet has increased net realization by $106,000 as of mid-February 2006, selling 159 vehicles.
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The inventory of used vehicles in the wholesale market continues to lag buyer demand, boosting resale values across the board when compared to sale results same time last year.
Read More →The new channel provides employees of GE Commercial Finance Fleet Services customers with easy access to out-of-service vehicles.
Read More →Emkay found that its closed-end lease portfolio may be the best customer for its Fleet Exchange program. The company expects to remarket upstream as many as 50 percent of its off-lease vehicles.
Read More →The days of paper condition reports are receding rapidly. SGS Automotive Services combines technology with expertise to help fleet managers better manage depreciation.
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A fleet with a vehicle replacement fund to which resale proceeds are returned makes the fleet manager more accountable for the disposal of surplus vehicles and equipment. It is in the fleet manager’s best interest to maximize resale proceeds to offset the cost of new vehicles.
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