Fleet News

Remarketing: Fleet car auctions

The benefits of fleet car auctions

Fleet car auctions and fleet van auctions can be one of the quickest and easiest ways fleets can sell their used vehicles. Car auction companies usually manage the entire process and once the vehicles have fell under the hammer aim to distribute the funds to the company within three working days.

One of the biggest advantages to selling fleet vehicles at auction is that car auctions attract hundreds if not thousands of people from tradesmen to the general public. By using a third party, fleets can find themselves more secure with the sale and receiving the proceeds.

Car Auction Services and charges

There should be very little that an auction company cannot provide a fleet operator from valet services to delivery and collection, to ensure ex-fleet vehicles are sold at maximum market value in the shortest possible time. Most services are available on a clearly priced menu basis and all the fleet operator needs to do is to pick those which are most likely to fulfill their specific requirements.

Auction sale commission fees for sellers are generally based on a % of the sale price. Depending on how many vehicles you may have and the likely value of those vehicles, there is always room for negotiation. Additionally, all the valued-added services are usually menu priced and therefore very easy to quantify before deciding to proceed.

Improved Technology at Fleet Car Auctions

With technology improving everyday, fleet car auctions now benefit from online link up auctions, because buyers do not drive the vehicle and sometimes do not even see the vehicle before committing to buy, fleet car auctions can now use technology to provide buyers with more virtual information and engineering guides to help the sale.

The best online solutions include electronic real-time auctions which enables registered buyers to bid directly into the physical auctions competing head-on with those buyers attending in the halls.

Getting the right price at Fleet Car Auctions

Fleet auctions can help companies to cap lose by having a reserve price, meaning that the vehicle will not sell if the bidding does not exceed the reserve price set by you.

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