Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
What is the top maintenance-related factor to worry about when resale is on your mind? What should you avoid spending money on? What matters the most?
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.
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.
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.
How you spec a truck has a direct bearing on its future resale. Here are the some of the dos and don’ts in truck spec’ing that will impact resale values.
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.
Truck lifecycles can be calculated to the mile and the dollar. This can help fleets replace vehicles at the optimal moment.
The top challenge facing truck fleets continues to be managing fuel spend. Other challenges include rightsizing, rising tire costs, remarketing, and improving fleet efficiency. An emerging trend is the shift to lighter-weight upfits.
Implementing proactive fleet policies can often produce significant cost savings in the long run. Examine every aspect of fleet operations to uncover expense-cutting opportunities.
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