ENTERPRISE GROUP 56EE MQI :
REMARKETING Question and answers
correctly solved
⦁ What is a "risk car"? "Buyback"? What are the benefits to having these? -
correct answer Risk car: owned outright. Car bought for the fleet and then
sold back into the marketplace, we bear the loss or gain (98% of fleet)
Buyback: bought from manufacturer. Previous agreement to buy the car back
with an agreed mileage, condition, and time restriction (2% of fleet)
⦁ What is Remarketing responsible for? What Role do they play in our
company? - correct answer Business to Business sales (B2B)
Must have dealer license
A fleet department (not fleet management) that support area managers
Marketing cars a 2nd time after they were marketed to us
Fleet planning and getting the most value out of our vehicles, selling at the
right time to maximize our profit
Remarketing - correct answer responsible for selling all vehicles that come
out of fleet whether it's from Daily Rental, Fleet Management, Truck Rental, or
Commute with Enterprise, along with any damaged vehicles that are not
repaired. They stay up to date on market trends then market these vehicles to
their buyer base to maximize sales price. Remarketing has a large financial
responsibility because typically the back end of our business or inventory
adjustment is a substantial part of our net profit.
⦁ What 3 department assist remarketing with long term fleet plans? Explain. -
correct answer *When to Sell*
Planning for the future with 5 year historical trends
REMARKETING Question and answers
correctly solved
⦁ What is a "risk car"? "Buyback"? What are the benefits to having these? -
correct answer Risk car: owned outright. Car bought for the fleet and then
sold back into the marketplace, we bear the loss or gain (98% of fleet)
Buyback: bought from manufacturer. Previous agreement to buy the car back
with an agreed mileage, condition, and time restriction (2% of fleet)
⦁ What is Remarketing responsible for? What Role do they play in our
company? - correct answer Business to Business sales (B2B)
Must have dealer license
A fleet department (not fleet management) that support area managers
Marketing cars a 2nd time after they were marketed to us
Fleet planning and getting the most value out of our vehicles, selling at the
right time to maximize our profit
Remarketing - correct answer responsible for selling all vehicles that come
out of fleet whether it's from Daily Rental, Fleet Management, Truck Rental, or
Commute with Enterprise, along with any damaged vehicles that are not
repaired. They stay up to date on market trends then market these vehicles to
their buyer base to maximize sales price. Remarketing has a large financial
responsibility because typically the back end of our business or inventory
adjustment is a substantial part of our net profit.
⦁ What 3 department assist remarketing with long term fleet plans? Explain. -
correct answer *When to Sell*
Planning for the future with 5 year historical trends
