Yale Fleet Management’s first vehicle auction garnered almost 30 bids which resulted in all nine vehicles--including one motorcycle--being sold. Hurricane Sandy forced postponement of the auction by one week, but buyers were eventually able to view the cars, trucks and the motorcycle on November 5 under sunny blue skies in the parking lot at 344 Winchester Avenue.
Approximately 75 people, both from Yale and the general public, attended. All bids were accepted via e-mail for three days after the outdoor viewing. Bid winners included a local business in Derby that purchased the 2003 Isuzu box truck.
“We did this as a test to see how much work it involved, if buyers showed up and if we’d get increased returns per car or truck,” said George Longyear, director of Graduate Housing and Fleet Management. “And we were rewarded with very competitive bids, great profits, and ideas to improve our next event.”
Longyear decided to attempt an in-house auction after initial research showed that current vehicle disposal returns were much lower than list values. In the past, Yale used an auction house to dispose of aging or unused cars and trucks. “Holding our own on-site auction almost doubled the returns on some cars,” said Longyear.
Fleet Management has been a unit within Yale since 2009. It provides Yale departments with resources and accessible online tools to assist them in managing their cars, vans and trucks. One of it’s long-term goals is to modernize Yale’s aging fleet. Ideally, all Yale vehicles should be replaced when they reach five to seven years of age—the standard age for commercial and/or private fleets nationwide. Supported by bi-yearly auctions, Yale’s fleet will have higher return values, reduced maintenance (vehicles over five years of age require more repairs), a safer fleet (older cars tend to be less safe), better fuel efficiency, and, hopefully, lower emissions--as emissions technology is changing.
Yale Fleet Management hopes to hold another auction in spring 2013.
--Lisa Maloney, Project Manager, Administration Services