The volatile, pandemic-era used car market has drastically altered the way rental operators manage utilization of their vehicles. Rising prices coupled with a supply crunch has made it all the more crucial for operators to pay close attention to the used vehicle market.
Here are four ways operators can stay up to date on used-vehicle values:
- Download and use a valuation data source
- Dedicate time each week to monitoring used values
- Do your own valuation charting
- Consider all options
When the calendar turns to 2023, we may have a new used vehicle market.