Topics discussed included the closure of OEM assembly plants and physical auctions; declines in resale values early in 2020 followed by strong residuals through the balance of the year; pandemic-induced flattened operating costs through the year; and the boom in last-mile delivery and e-commerce.
Strong Resale Values for Fleet Trucks & Vans Despite Pandemic
The largest fleet expense is vehicle depreciation, so managing it is critical to operating a well-run fleet. Remarketing is core to fleet management. In many ways, fleets are very much the “factories” that manufacture used vehicles.