Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
The largest fleet expense is vehicle depreciation, so managing it is critical to operating a well-run fleet. Remarketing is core to fleet management. In many ways, fleets are very much the “factories” that manufacture used vehicles.
For some fleets, a truck’s value does not come up until it’s time for remarketing. But getting the most profit for these assets requires careful planning long before the truck goes up for sale.
Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.03% last week, better than the average decrease of 0.17% per week in the previous four weeks.
Generally, medium-duty segments are holding up well, with cabovers and lighter GVW conventional trucks performing the best.
Increased buying opportunities and a favorable economic climate are limiting price growth, and the supply of quality used trucks is expected to increase.
Remarketing commercial trucks online can save fleets time and money typically spent transporting trucks to physical auctions.
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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