To address the rising tide of negative equity units, ARS developed the mBid® application to leverage local demand for low value and end of life vehicles from ‘the field.’ Direct sale of these assets lowers processing costs, significantly reduces fee basis, improves cycle time and delivers a significant net lift for our partners.
mBid® is a comprehensive solution, managed completely by ARS. We worked closely with licensed dealers and dismantlers to design a system for distributing and managing these assets that delivers reliable information to buyers, manages logistics, processes titles and is equitable for buyers and sellers.
In our next post Wreckonomics™ 1.5: Segmentation & Tranche, we’ll look at some of the tools used by ARS to segment our partners vehicle mix and to make the very best cost benefit decisions on every unit throughout the remarketing channel.
|ARS helps our clients identify low value and ELV units in their asset pool, focus services for the remarketing or recycling and delivering the highest possible returns.
If you have a pool of low value vehicles in your portfolio or if you’re looking at ways to maximize recoveries, please reach out to us at ARS. Send us an email; firstname.lastname@example.org
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