NAMA confirmation set to boost fleet franchise servicing
Fleet and leasing companies are expected to become more likely to service their vehicles professionally after the National Association of Motor Auctions (NAMA) confirmed that a franchised dealer’s service book stamp was not required to maintain optimum residual values on certain vehicles.
There is the common belief that not taking vehicles to a franchise dealer could damage used values, however NAMA Vice Chairman Tim Hudson recently suggested otherwise.
Speaking at the British Vehicle Rental and Leasing Association’s industry conference on remarketing, Mr Hudson explained: “There is a threshold in most manufacturer ranges that determines whether the franchised dealer stamp is critical in eyes of the used car buyer.
“Those requiring a franchise stamp tend to be at the premium end of the model range.
“What is essential is that company cars and vans have a documented service history across their fleet life to ensure top residual values are potentially achievable.”
Crucial
It was an enlightening message for Peter Lambert, Sales Director for Kwik-Fit Fleet, who reckons the confirmation will give more fleets and leasing companies the confidence to have their vehicles serviced at their Kwik-Fit centres knowing that residual values will not be damaged.
The number of company-owned vehicles being serviced at Kwik Fit’s high street centres saw a 35% year-on-year rise in 2011.
“Competitive pricing and convenience are crucial to the corporate sector and Kwik-Fit Fleet’s vehicle servicing fully meets those requirements,” adds Lambert.
“With the vast majority of company-owned vehicles being outside the premium sector, we anticipate further growth in fleet vehicle servicing at Kwik-Fit in 2012 and beyond as a consequence of any residual value damage fears being firmly allayed.”
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