Telematics provider Zubie announced a new partnership with Fleet Consulting Association, Inc. (FCA) on Feb. 15, which will produce a new fleet vehicle valuation tool for fleet managers. An addition to Zubie's Rental Connect platform, it will give rental operators detailed reporting on the value of each vehicle in their fleet along with a snapshot estimate of their entire fleet's value.
Zubie CRO, Mark Novak said: "Zubie's vehicle valuation tool takes the guesswork out of buying and selling vehicles for your fleet. It's going to help rental operators maximize their profit by optimizing the timing to sell its vehicles in the used-vehicle market or to wholesalers."
Zubie's announcement said that its connected car platform automatically accesses vehicle data to extract:
- Vehicle model/color
- DTC codes
- Geography where driven
The application runs the vehicle data through valuation software powered by multiple databases and sends a detailed report back to the user. Fleet managers can easily see the current value of their vehicles along with their potential earning value.
Using Zubie Vehicle Valuation, rental fleet operators will have access to data that answers critical and timely questions about their operation, such as the value vs. debt ratio of the fleet, if a vehicle is worth selling or holding onto for rental revenue.
"With Vehicle Valuation, fleet operators are better equipped to maximize their assets and reduce their liabilities," Roger Zakharia, CEO of FCA, added.