Automotive Fleet - Remarketing Useful Articles

Pros & Cons of Extending Replacement Policy

Wed, 23 Jul 2008 13:14:27 PST

It has been “common wisdom” to replace fleet vehicles in relatively short cycles. Rising costs, however, have led fleet managers to consider lengthening replacement criteria. There are pros and cons to the practice.

Perfect Storm Pummels Truck Resale Values

Wed, 23 Jul 2008 12:57:28 PST

Resale values for pickup trucks have declined by 15-25 percent due to such factors as high fuel prices, tightened consumer credit, and a stagnant construction market.

How Technology Will Change Traditional Fleet Remarketing

Tue, 22 Jul 2008 10:13:26 PST

At the 2008 Conference of Automotive Remarketing (CAR) in Las Vegas, Jim Hallett of ADESA shared his insights on the future of the remarketing industry, in particular, the impact of technology.

Economic Slowdown Causes Fleet Resale Values to Decline

Tue, 04 Mar 2008 16:17:08 PST

Most fleet vehicles are purchased by subprime buyers; however, these buyers are now finding it increasingly difficult to qualify for used-vehicle loans. The slowdown in the construction market is dampening demand for used pickups, and full-size work vans.

How Will Future Residual Values Impact Hybrid

Thu, 10 Jan 2008 16:42:04 PST

While hybrids can reduce fleet fuel expense, the two other major fleet expenses — maintenance/repair and depreciation — must also be considered to determine if hybrids are the answer to reducing overall fleet costs.

16 Tips to Maximize Residual Value

Thu, 29 Nov 2007 15:24:35 PST

Follow these common sense strategies before the acquisition decision, during ownership and prior to resale to help you hold the line on residual values.

Remarketers Hold Roundtable in Cincinnati

Thu, 01 Nov 2007 16:41:01 PST

The International Automotive Remarketers Alliance (IARA) 2007 Summer Roundtable featured a field of strong presenters on such topics as salvage vehicle appraisal, performance metrics, grading scale and inspections, and data mining.

Century Engineering Donates Retired Fleet Vehicles to Charity

Fri, 08 Jun 2007 14:13:01 PST

Opting to donate his tax-deductible retired vehicles to non-profit Vehicles for Change (VFC), Century Engineering’s president helped impact the lives of the underprivileged in his community.

Car 2007 & IARA Conferences Cover Remarketing Industry

Wed, 30 May 2007 11:37:05 PST

Drawing nearly 500 attendees, this year’s remarketing conference, CAR offered an array of presentations and networking opportunities. The IARA Winter Roundtable sessions covered reconditioning and salvage vehicle remarketing.

Upstream Remarketing Optimizes Fleet Assets

Tue, 10 Apr 2007 12:27:00 PST

Out-of-service vehicles sitting idle cost companies time, money, and space. New upstream remarketing programs can minimize days to sell and generate savings.

How Will Accounting Rules Impact Off-Balance

Thu, 26 Oct 2006 11:59:12 PST

The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?

Depreciation Control Strategies: Used-Vehicle 'Production'

Thu, 26 Oct 2006 11:04:11 PST

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.

IARA Stages '06 Summer Roundtable

Wed, 13 Sep 2006 11:41:06 PST

Vehicle reconditioning, transportation, and arbitration issues were key topics at the remarketing organization’s mid-year conference in San Diego.

eBay Motors - A Viable Remarketing Option for Fleet?

Wed, 13 Sep 2006 11:24:16 PST

Some claim average returns of $1,000 over wholesale. The tradeoff is the time spent researching pricing, managing listings, and building a reliable reputation.

Philips Medical Systems Increases Net Realization with Upstream Remarketing

Fri, 28 Apr 2006 16:22:06 PST

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.

Fleet Residuals Model Projects Used-Vehicle Values

Fri, 28 Apr 2006 16:11:40 PST

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.

Black Book's Commercial Values Enable Fleets to Benchmark Resale Performance

Fri, 28 Apr 2006 15:26:20 PST

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.

New Remarketing Channel Enhances Employee Sales

Thu, 09 Mar 2006 13:26:59 PST

The new channel provides employees of GE Commercial Finance Fleet Services customers with easy access to out-of-service vehicles.

Upstream Vehicle Remarketing Arrives for Closed-End Leases

Thu, 09 Mar 2006 13:23:53 PST

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.

Vehicle Inspection Process Advances

Tue, 07 Mar 2006 10:27:11 PST

The days of paper condition reports are receding rapidly. SGS Automotive Services combines technology with expertise to help fleet managers better manage depreciation.

How Should Fleet Resale Performance be Measured?

Thu, 19 Jan 2006 14:25:04 PST

The emergence of online resale guides has prompted some fleet managers to use them as industry benchmarks to measure resale performance. Other fleet managers are now using online sales guides to price employee sales vehicles

Alternative Remarketing Channels for Government Fleets

Wed, 30 Nov 2005 13:42:35 PST

Fleets are exploring non-traditional remarketing channels, such as online auctions, as they try to squeeze higher residual values while operating under the strains of reduced budget dollars and declining internal resources.

Identifying Policy Changes that Reduce Costs

Tue, 16 Nov 2004 17:43:37 PST

Implementing proactive fleet policies can often produce significant cost savings in the long run. Examine every aspect of fleet operations to uncover expense-cutting opportunities.

The Business Case for Short Cycling Compact S

Thu, 04 Nov 2004 15:02:02 PST

The aggressive fleet incentives that manufacturers are currently offering commercial fleets present the opportunity to give serious consideration to substituting a compact SUV on a selector in lieu of a traditional intermediate-size fleet sedan, so long as it is capable of fulfilling the fleet application. When you compare lifecycle costs during a 36-month service life, a compact SUV actually has a lower monthly total cost. Interestingly, they are also less expensive at a shorter 24-month cycle.