GE Commercial Finance has introduced an app designed to help fleet owners spot the best time to sell individual cars in their fleets.
There's an art to knowing when is the most profitable time to sell individual cars out of a fleet, but GE Commercial Finance Fleet Services wants to make it more of a science.
GE's fleet-management unit is pushing its new Time2Sell Web-based analytical tool to fleet owners, who are not in the business of owning cars until they're scrap metal. They need to know when they can get the most for a car that's past its useful prime.
Hitting the timing just right can save maintenance costs and maximize resale prices. GE figures Time2Sell can save fleet owners an average of $460 per vehicle.
Fleet owners can use Time2Sell to find out the best month to sell a car, based on customer-vehicle-replacement parameters, maintenance history, and remarketing seasonality. The application can create monthly predicted service costs, too. GE has not disclosed how much the application costs.
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