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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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Used-vehicle resale values in the wholesale market continue to be soft with fall prices down as much as 20 percent for some models compared to same time last year, said Layne Weber, remarketing manager for Donlen Corporation, a fleet management company headquartered in the Chicago suburb of Northbrook.
Read More →The National Auto Auction Association (NAAA) announced it elected Jimmy Compton as its 2003 president. NAAA held the election during its annual convention, which took place Sept. 10-15 in New York City.Compton, general manager of Manheim’s Arena Auto Auction in Chicago, IL, has been active in the NAAA since 1990 and has served on its board of directors since 1995.
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The used-vehicle market since Sept. 11 has been volatile and its future is being governed by events beyond our control, such as the economy, a war, and unprecedented new-vehicle retail incentives.
Read More →One of your top job priorities as a fleet manager is to obtain the highest resale price for each company vehicle you take out of service.
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