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Propane autogas vehicles provide a lot of value when it is time to replace or retire the asset, whether fleet owners plan to sell privately, at a public auction, or trade-in the vehicle. Here are a few things to consider when making the decision.
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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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Over the past three months, two segments have shown unchanged value or an increase in overall value: Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.
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Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.03% last week, better than the average decrease of 0.17% per week in the previous four weeks.
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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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Waiting too long can result in unnecessary wear-and-tear, expense, and lost productivity. Making the decision too soon can result in higher capital expenses and depreciation costs. The key is finding the perfect balance.
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Remarketing commercial trucks online can save fleets time and money typically spent transporting trucks to physical auctions.
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After a steeper decline to start 2014, depreciation is expected to settle into the range of 1% to 1.5% per month for the rest of the year.
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