The Auction Determination Model recommends the optimal selling location of a vehicle that maximizes the expected proceeds at auction while minimizing the associated costs of transporting the vehicle. The model determines the best location to sell a vehicle based, in part, on:
- Location specific price forecast (generated by the Remarketing Pricing Model™)
- Individual vehicle characteristics (mileage, color, equipment and condition)
- Location specific auction inventory levels
- Transfer costs (transportation, carrying costs)
- Individual auction characteristics (national vs. local buyer ratio)
- Integration with the Remarketing Pricing Model™
- User friendly web-based interface
- Customized vehicle depreciation / pricing estimates
- Truckload configurator
- Financial performance reporting
