fleet-caritas.png

Acquisition Remarketing

How to sell your fleet vehicles for more money

Posted by Kyle Forbush on Mar 19, 2019 2:14:00 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, Caritas received an e-mail from Manheim stating that the proposed highest big was $14,600. Our client gladly accepted the offer. 

Read More

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 10:48:48 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 Community to grow & prosper rather than suffer economic losses. Click on the link below to learn more!

Read More

Topics: Remarketing, Lowering Fleet Costs, Fleet Considerations

Vehicle Depreciation Factors and Lifecycle Cost

Posted by Jerry Condon on May 12, 2015 2:43:00 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 3:56:00 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 to resell 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.

Read More

Topics: Remarketing

How to maximize Vehicle Resale Value

Posted by Brad Forbush on Apr 25, 2014 10:30:00 AM

 

3 Tips for Remarketing Your Old Vehicles

 

  1. Vehicle SelectionOur first recommendation for reducing your fleet’s overall operating cost is selecting vehicles that have the highest resale value. With more than 30 car manufacturers and hundreds of different models to choose from, this is no small task.
Read More

Topics: Remarketing

Maximize Vehicle Resale Value & Minimize Your Aggravation

Posted by Brad Forbush on Mar 21, 2014 1:52:00 PM

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.” While frantically jotting down the quote, the reporter started scratching his head, then he looked back at Mr. Ford and asked, “well, how do you know what someone will pay?”

Read More

Topics: Remarketing

Subscribe to Email Updates