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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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It’s been said that a critical fleet function is to ‘produce’ the best used vehicle possible. Here are ‘production’ strategies to help fleet managers turn their raw materials into marketable finished products.
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Some claim average returns of $1,000 over wholesale. The tradeoff is the time spent researching pricing, managing listings, and building a reliable reputation.
Read More →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.
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