Fleet managers and business owners often face the decision of how to dispose of retired fleet vehicles, with options being auctioning or trading them in.
Trade-ins involve selling directly to dealerships for immediate credit towards new purchases, while auctions offer exposure to a wider market and potential for higher sale prices.
Financially, auctions can lead to higher returns compared to trade-ins, with sale prices possibly up to 50% higher through national auction networks.
Flexibility-wise, auctions offer agility in timing sales based on market conditions while trade-ins provide quick transactions tied to new vehicle purchases.