When a fleet vehicle heads to auction, it’s history and condition at the point of sale will largely determine its price. The condition report is a crucial tool for both buyers and sellers to set the vehicle’s true value.
There are seven points that every condition report must include in order for it to be useful and completed by buyers and sellers alike. These points include:
To see the complete list and the way they affect pricing, download the infographic “Condition Reports: A 7-Point Checklist” today.
By Select Remarketing Solution Providers
Fleets that properly calculate the total cost of ownership (TCO) of a vehicle before it’s added to the ﬂeet will more likely beneﬁt from resale at the end of the vehicle’s service life. Knowing when to send a vehicle to auction is determined by numerous factors, including the vehicle’s mileage, its spec, and the strength of the resale market.
There are three options available to fleets for moving vehicles around the country, including haulers, enclosed transportation, and a driveaway service. Asking the right questions will help you determine your best option for transporting your vehicles to auction.
Spending time and money to recondition a vehicle isn't an either/or proposition. Following a simple rule of thumb will help you evaluate if it's worth investing budget dollars to make a cycles out vehicle ship shape for auction.
Residual value continues to be a big part of a fleet vehicle’s total cost of ownership (TCO). Traditionally, vehicles have been remarketed through physical auction lanes. While the physical auction remains an important remarketing method, there are several emerging channels that can be used to optimize results.