Vehicle Remarketing ‘Pain Points’ Surface for Commercial Fleets

AF Editor Mike Antich explores three pressure points affecting vehicle remarketing in the 138^th  State of the Fleet Industry video, a weekly discussion of the state of the fleet market produced by Automotive Fleet.

Today's topics include:

• The used-vehicle market remains strong for commercial fleet remarketing out-of-service company vehicles at auction, but there are three pain points that are negatively impacting fleets.
• The ongoing delays in shipping out-of-service fleet vehicles to auction is increasing days-to-sale, which is increasing fleet depreciation expenses.
• There are backlogs in de-identifying fleet vehicles, sometimes as long as three to four weeks. Fleets require that their vehicles be de-identified of all logos and signage before they can be sold at auction. These delays are increasing days-to-sale.
• A third pain point is the lack of consistency at auctions in writing condition reports, which are the basis of how a vehicle is graded and has a direct bearing on the ultimate sale price.

🤝 Follow and connect with Global Fleet on social media!

• Connect with Global Fleet on LinkedIn.
• Like Global Fleet on Facebook.
• Follow

🎧 Prefer to listeGlobal Fleet on Twitter.n? Check out our podcast!

• Subscribe on Apple Podcasts.
• Follow on Spotify. 
• Subscribe on Google Podcasts.

⌚Timestamps ⌚

0:00 INTRO

02:18  Delays in Transporting Vehicles to Auction

04:46  Backlogs in De-Identifying Vehicles

05:50  Inconsistency in Vehicle Condition Reports