Fleet News

Remarketing experts call for grading guide

Remarketing experts are calling for an industry-wide vehicle description and grading guide to be introduced.

Vehicle condition is already graded for online sales but there is a disparity between different auction companies and delegates at the recent Vehicle Remarketing Association (VRA) remarketing seminar felt it would be beneficial to create a single standard.

The standard would be in addition to the BVRLA’s Fair Wear and Tear guide, which is used by fleet managers and contract hire and leasing companies in relation to end of contract damage charges.

Delegates pointed out that vehicle age would need to be taken into consideration as well as the model.

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