MINNEAPOLIS -

Zubie has launched a new fleet vehicle valuation tool with the Fleet Consulting Association that will be added to the company’s Rental Connect platform and help rental companies determine if it’s time to retail or wholesale vehicles in their fleet.

Rental operators will be able to use the Zubie Vehicle Valuation platform to access detailed reporting on the value of both individual vehicles within their fleet and their entire fleet.

“Zubie’s vehicle valuation tool takes the guesswork out of buying and selling vehicles for your fleet,” Zubie chief revenue officer Mark Novak said in a news release.

“It’s going to help rental operators maximize their profit by optimizing the timing to sell its vehicles in the used-vehicle market or to wholesalers.”

Zubie uses its connected car platform to decipher a car’s VIN, model/color, DTC codes, odometer reading and where it has been driven.

That data is run through valuation software powered by multiple sources. Zubie then sends a report back to the user, who can then see what the vehicle’s value is and what they could potentially earn by selling.

Zubie said in the release the platform is designed to answer these questions:

What is the value vs debt ratio of my fleet?
Is it worth selling a vehicle today?
Should I retain a vehicle and continue to generate rental revenue from it?

Fleet Consulting Association chief executive officer Roger Zakharia said in the release: “With Vehicle Valuation, fleet operators are better equipped to maximize their assets and reduce their liabilities.”