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Acquistion & Remarketing

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How to sell your fleet vehicles for more money

Posted by Kyle Forbush on Mar 19, 2019 2:23:00 PM

"My minivan sold for how much?" My client asked, flashing a look of delight, surprise and slight disbelief. We politely reassured her that, yes, her para-transit minivan was sold at the previous week's Manheim Auto Auction for twice the sale price we anticipated. The minivan was originally acquired for $40,000, and the Mannheim Auction's "Condition Report" came back with some minor maintenance issues. This put our expectations at somewhere between $6,000 and $8,000. At the end of the day, Fleet Services received an e-mail from Manheim stating that the proposed highest big was $14,600. Our client gladly accepted the offer. 

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Topics: Remarketing, Lowering Fleet Costs, Fleet Considerations, Fleet Discounts

When Should You Replace Vehicles In Your Fleet?

Posted by Kyle Forbush on Mar 13, 2019 10:54:34 AM

Automobiles are vital assets that inevitably depreciate over time. Our latest brief serves as a guide to help you determine the optimal point to replace any vehicle in your fleet. Knowing the replacement process will allow your organization to grow & prosper rather than suffer economic losses. Click on the link below to learn more!

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Topics: Remarketing, Lowering Fleet Costs, Fleet Considerations

Vehicle Depreciation Factors and Lifecycle Cost

Posted by Jerry Condon on May 12, 2015 2:22:00 PM

When computing the life-cycle cost of a vehicle,  deprecation is the single biggest fa ctor to keeping the  cost low.  Depreciation should be on a fleet manager’s mind or on the mind of anyone who regularly buys new cars. According to Phillip Reed, senior consumer editor at Edmunds.com, a vehicle can lose 30 percent of its’ value in the first year and as much of 50 percent in the first three years. Given these numbers, it is important to look at what factors can affect resale value and ultimately vehicle depreciation. Read More

Topics: Remarketing, Fleet Considerations

My minivan sold for how much?

Posted by Doug Reading on May 8, 2015 3:53:00 PM

paratransit-conversion-10628Most people consider the initial cost of purchasing a vehicle, however not everyone thinks about the potential savings when an individual tries tresell their used vehicles.  Vehicle remarketing is an important part of your vehicles Life-Cycle-Cost.  An experienced fleet manager can handle all of the different steps of the remarketing process such as: coordinating used vehicle pick up, establishing a fair market value, and determining the best channel for resale.  How do you determine the value of your vehicle and how much time you will spend with this remarketing process?  The following story is one example of when a van recently sold for much more than expected, highlighting the importance of professional vehicle remarketing.

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Topics: Remarketing

How much is your old car really worth?

Posted by Beatrice Maynor on Feb 11, 2015 2:38:00 PM


Last week a rare 1961 Ferrari 250 GT SWB California Spider, forgotten for years in a garage on a rural French estate, sold at auction for $18.5 million. Not every "barn find" makes the news, but uncovering a past treasure or even a particular car that has personal nostalgia, can be just as emotionally gratifying if not financially rewarding.

 

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Topics: Remarketing

Maximize Vehicle Resale Value & Minimize Your Aggravation

Posted by Brad Forbush on Oct 13, 2014 11:22:00 AM

How much is a car really worth?

When a Detroit news reporter once asked the great American icon and automotive pioneer, Henry Ford, how he determined the selling price of a Ford automobile, he replied, “an automobile is only worth what someone is willing to pay for it.” The reporter started scratching his head, then he looked back at Mr. Ford and asked, “well, how do you know what someone will pay?”

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Topics: Remarketing

Which fleet cars have the best resale value?

Posted by Eliott Fitch on Apr 29, 2014 11:00:00 AM

 
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Topics: Remarketing

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