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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As part of its ongoing expansion and enhancement of membership services, the National Auto Auction Association (NAAA) has acquired Kink Or Bend LLC, an IT company to help auction members determine if potentially costly disclosure of a quarter panel replacement is required.
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A used company vehicle in poor condition, because of driver abuse or neglect will result in lost resale value. Fleets that have clearly articulated policies about vehicle upkeep and misuse receive a better quality product to remarket.
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Remarketing considerations begin before purchasing a vehicle and continue through its operational life. Fleet managers should always keep an eye to the future when managing fleet assets.
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