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AP Fleet Management expanded its commercial vehicle remarketing program with dedicated resale services and an online marketplace for used work trucks.
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To get the most value from a used truck, fleet managers looking to auction their units should do a little research and be thoroughly prepared.
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Fleet managers are presented with unique challenges ensuring maximum resale for medium-duty trucks, and understanding the reasons for this as well as current market conditions can help increase overall residuals.
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Utilities and construction companies in Texas and Indiana will be auctioning off heavy-equipment, truck tractors, and vocational and utility trucks from companies such as ComEd and Asplundh Tree Expert Co.
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Used vehicles sold at auction lost a scant 0.3 percent of their value in March, a month known for strong retention as tax-refunded buyers come out in droves, according to Black Book.
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General Motors and Ford Motor Co. provided the most value to light-duty fleet vehicle purchasers, according to Vincentric's Best Fleet Value in America awards for 2014.
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Toyota leads the way with eight awards, followed by Audi with five. Chevrolet and Honda each earned four. The awards cover the retail market.
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Full-size passenger vans lost the least value in the commercial vehicle resale market in February, a month that typically shows strong vehicle retention, according to Black Book.
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Schneider will add 5,700 trailers to its offering of used equipment for sale.
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PHH Arval has opened its first commercial truck center in the country in Virginia Beach to offer its off-lease truck inventory, the fleet management company announced Thursday.
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Penske Used Trucks announced it has opened a commercial truck dealership in Torrance, Calif., where it will sell used light-, medium-, and heavy-duty trucks, trailers, and related equipment.
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