The process of remarketing ex-fleet vehicles is changing. Online auctions and a host of new technologies is making it slicker and helping fleets and leasing companies to improve residual values.
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Whether you outright purchase or contract hire vehicles, you need to be aware of the changes in order to benefit from higher re-sell values or more competitive leasing rates.
Online auctions, which enable more buyers to participate in more auctions, are pushing up prices.
Last year, 130,000 of BCA’s 600,000 sales (22%) were made to buyers bidding online. In America, where the service has been available for longer, online sales account for 30-35% of remarketing volume. BCA commercial director D’Vidis Jacobs predicts the UK will follow that example.
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