SPARKS, MD - PHH Arval sells thousands of used fleet vehicles each year through its network of auctions, marketing centers and dealers. Now it has announced its top-performing used vehicle auctions and retail dealers for the 2007 model year.
William F. Cieslak, Vice President of Vehicle Operations, stated that PHH clients receive best-in-industry performance from a differentiated network of auctions and retail dealers. “In working with these suppliers, PHH’s goal is to minimize the overall cycle time of the sales process in order to reduce inventory costs for our clients. Our focus in 2007 has been on process improvements that have resulted in a sustained 10% reduction in time to sell, enhancing our already-best-in-class cycle time metrics. And thanks to our retail network, PHH clients receive sales prices greater than wholesale.”
PHH identified its best-performing auctions and dealers for used vehicle sale and supporting services for the 2007 model year: