After an accident or major equipment failure, fleet managers often have to make a hard decision to either repair or replace the damaged vehicle. There is no right or wrong answer, but fleets need to keep safety and the bottom line in sight.
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Vehicle depreciation is impacted by a number of factors, from supply and demand to overall economic conditions. While 2015 was relatively stable for depreciation, some challenges are on the road ahead.
Read More →Rail’s role in vehicle transport can be glimpsed up-close at Union Pacific’s auto facility in Mira Loma, Calif., where new vehicles are shipped from manufacturers via rail.
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The Conference of Automotive Remarketing (CAR), which is produced by Bobit Business Media, publisher of Automotive Fleet, celebrated its 20th anniversary with special events and contests — and a cake provided by sponsor ServNet.
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Increased buying opportunities and a favorable economic climate are limiting price growth, and the supply of quality used trucks is expected to increase.
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Overall, depreciation is lower than pre-recession levels for the fleet vehicle market, with average months-in-service and mileage decreasing year-over-year.
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Understanding depreciation, how vehicles are valued and when to remarket can improve your total cost of ownership.
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Remarketing commercial trucks online can save fleets time and money typically spent transporting trucks to physical auctions.
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The 19th annual Conference of Automotive Remarketing (CAR) changed venues this year to the Paris Las Vegas Hotel. Perhaps reflecting this change, most of the sessions and events looked to the future of the remarketing industry.
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To get the most value from a used truck, fleet managers looking to auction their units should do a little research and be thoroughly prepared.
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