In the current economic climate, companies are under increasing pressure to reduce costs. One of the ways to do this is to know the best time to sell vehicles on to avoid the worst of depreciation. Telematics expert, Tracker, is urging companies to understand vehicle usage, servicing and maintenance through telematics to make informed fleet disposal decisions.
Telematics offer a wide range of driver information to help businesses monitor vehicle usage, such as the distance a vehicle has covered, the hours it has been in use and the type of journeys it has been on. They even include the speed a vehicle has been driven at and the time spent idling, offering vital management information. Yet Bill Raynal, Managing Director for Tracker, believes that many companies overlook the fact a vehicle tracking system can also help to anticipate vehicle faults and implement better preventative measures. These are fundamental in protecting a vehicles final sale price.
Devaluation is the enemy for many businesses, which is why it is important to sell unwanted vehicles quickly. A comprehensive picture of how a vehicle has been used can make a significant difference when it comes to its disposal. Buyers like to know that a vehicle has been maintained properly as anything less will command a lower price. Keeping on top of service and maintenance can be a challenge, but telematics can actually provide email and text reminders for servicing and MOT, helping them ensure vehicle certification is up-to-date at all times.
Effective telematics harness the power of technology to enable companies to monitor driving behaviour, including everything from excessive speeding, to unplanned deviation from a route. By combining all the available data, companies are put firmly in control of the status of their vehicles, driver safety and potential maintenance issues. Concludes Raynal: The key to keeping an eye on a vehicles condition is being able to assess all aspects of fleet information; vehicle tracking systems such as Tracker Report does just that. With the right information at their fingertips, businesses can effectively maintain vehicles, ensuring a good resale price, while reducing maintenance and insurance costs.