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SEARCHCoverage of the factors that influence vehicle value at disposal, including mileage, condition, maintenance history, configuration, market demand, and strategies for protecting residual value.
What makes a truck reliable for fleets? From uptime to maintenance and spec’ing, here’s what really drives performance, and where fleets can weigh in.
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For some fleets, a truck’s value does not come up until it’s time for remarketing. But getting the most profit for these assets requires careful planning long before the truck goes up for sale.
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Regardless of the vocational application, companies are in the business of “manufacturing” used vehicles. Today’s new truck is tomorrow’s used truck. How you spec a truck has a direct bearing on its future resale value.
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When spec'ing a truck, it is critical to find the balance between building a truck to perform the intended job function and ensuring there will be a strong secondary buyer demand in the resale market at the end of its lifecycle.
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Increased buying opportunities and a favorable economic climate are limiting price growth, and the supply of quality used trucks is expected to increase.
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The depreciation rate for cars is expected to outpace trucks and vans, which will be aided by strong demand from small fleet buyers.
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Fleets should consider engines, transmissions, upfits and color choices to maximize total cost of ownership.
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