Reduced loaner pool fleet by 83% through improved policies
Decreased departmental fleets by 15%
Improved reporting between finance and payroll resulting in $300,000 of post-audit savings
Improved pre-auction inspection and logistics execution reducing ground time by nearly 100%
All auction vehicles shipped to auction within 24 hours of vehicle turn in
Improved order matching to ground stock, achieving an 84% match rate
Background: The OEM did not have a national platform to manage their internal company vehicles and was looking for a platform to host this information with users across the country that needed to be able to view and update vehicle files.
How we did it: Penske Vehicle Services studied the system in place and then reviewed the OEM's objectives,priorities and business requirements. After completing a thorough analysis, Penske Vehicle Services customized its proprietary fleet management software meeting the client's needs. After working through the development and testing phase, a national platform was available within 6 months and additional functionality has continued to be built in as the OEM identifies additional needs.