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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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On average it takes approximately nine days for owned fleets to receive funds from the resale of fleet vehicles, while leased/managed fleets take 21.5 days, according to a survey of fleet managers conducted by Automotive Fleet.
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Currently, we are in the midst of the traditional, seasonal downturn in the used-vehicle market, which has caused resale values to plummet. This is normal and it happens every winter, sometimes a little sooner, sometimes a little later.
Read More →The costs to remarket out-of-service fleet vehicles have remained steady since the last time they were surveyed by AF in 1992. Though some costs are unavoidable, with proper planning, they can be minimized.
Read More →Taurus was still the best selling used car, as it has been for three years. Ford leads the light truck class as well, with the F-150. Another continuing trend is the popularity of green cars with tan interiors.
Read More →When a company acquires an asset, or the use of an asset, whose value declines over time, that value must be appropriately reduced on the company's books. Vehicles are, without question, assets whose value decreases with use, and fleet managers must make the determination as to how quickly to reduce the original cost.
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Fleet managers have been pursuing cost savings forever. You're right. What is surprising to me is that in this era of virtual deflation for running costs (cheap gas) and the competition between outsourcing service companies as well as the street and sole-source incentives from the makers, where is one to look.
Read More →When is the right time to replace your light trucks and vans? That's a question we posed recently during a roundtable discussion with four of the most knowledgeable fleet managers in the business.
Read More →Many of us may be too "mature" and jaded in our business world to attempt a New Year's resolution but there is a need and good reason to begin the New Year with solid optimism.
Read More →Controlling depreciation is a major activity of effective fleet administration which, when properly done, can provide a substantial reduction in the cost of operating a fleet.
Read More →Probably the most lively session at the AFLA Fall Meeting in Chicago this year was the Confessions of Car Wholesalers, a panel discussion of the wholesale car business followed by a testy question and answer session moderated by Pierce Walsh of Warren Buick.
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