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.
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. Learn about the seven points every condition report must include.
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.