The Source for Multinational Fleet Professionals
March 28, 2023

Vehicle Remarketing ‘Pain Points’ Surface for Commercial Fleets

AF Editor Mike Antich explores three pressure points affecting vehicle remarketing in the 138th  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.

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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


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