CLIENT LOGIN BUY USED TRUCKS

USED TRUCK SALES

TURNKEY INFRASTRUCTURE TO ENHANCE YOUR USED TRUCK RESIDUAL VALUES

Truck resale is the largest factor and greatest financial impact on TCO. A 5% gain in used equipment can drastically reduce finance costs throughout the lifecycle of the truck. Fleet executives are forced to become used-truck salesmen or to dispose of their old trucks through auctions, resulting in low resale values and high disposal fees. Fleet Advantage's solution is designed to help you avoid this trap. Fleet Advantage manages the process with a focus on maximizing values.

Advantages of Fleet Advantage Program

  • Fleet Advantage sells over 1,000 used trucks per year through an established customer database of end-users (buyers with profiles of their preferred OEM and drive train specification)
  • Established infrastructure (advertising and aftermarket financing) and personnel dedicated to managing used truck sales
  • Tracking of quarterly new equipment production (SUPPLY) and quarterly used truck resale data (DEMAND)
  • Dealer license for re-selling, buying and reselling used trucks

Proven Results

  • Fleet Advantage targets smaller private and for-hire transportation fleets to sell directly to as the next user of the equipment.
  • By selling direct to the next user and providing electronic history on per unit mileage, we maximize the sale price of the used equipment, enabling us to take a more aggressive residual position.
  • Fleet Advantage also offers secondary lease programs, allowing us to continue to thrive during downturns in the used truck market as the equipment is not sold - it is redeployed to a secondary fleet operation.

CASE STUDY

Fleet Saved Millions in Used Truck Sales & Operational Costs with Truck Fleet Asset Management

Industry

Private Fleet - Food Service

Annual Revenue

Over $25 Billion

Fleet Size

3,000 Tractors & Trailers

Credit Rating

High Investment Grade


ENGAGEMENT OVERVIEW

  • Prospect was referred by a client
  • Introduced our Asset Management Program and completed Truck Fleet Study
  • Fleet study resulted in a three-year Fleet Modernization Program
  • Installed 1,500 new tractors in 3.5 years
  • Disposed of old truck equipment

CONCLUSIONS

  • Eliminated loss on used inventory vs. market value of $10 million
  • Improved fuel economy by >1 mile per gallon
  • Tracked results over 30-month period and confirmed 20% reduction in fleet operating cost including amortization and interest
  • Revised fleet age from an average 5.7 years to 2 years