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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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Frank Grochal retired from Automotive Resources International and Holman Enterprises in 2005, culminating a successful career that spanned five decades. He was inducted in the NAAA Hall of Fame in 1983. He was the first person in fleet to achieve this honor.
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Automotive Fleet views itself as a facilitator to provide a platform for different voices from the industry to sound-off on today’s challenges. This regular column is designed to encourage discourse for fleet professionals to let their voices be heard to their peers and other industry professionals. Here is what is top of mind for fleet professionals concerning vehicle remarketing, electrification, and fuel management.
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The digital platform enables consumers to transact 100% online.
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The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
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Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
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For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
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President Paul Seger details how the annual event hosted by the International Automotive Remarketers Alliance will reunite hundreds of industry professionals and help steer industry actions and goals.
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By expanding its nationwide local auction network, Manheim now hosts 49 sales per month nationwide with dealers averaging a 77% sales efficiency rate based on data.
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Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
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The pilot program underway at two sites to expand capabilities will provide more vehicle data to clients.
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