Industry Recognition

Mike Albert was recently recognized as having outperformed its peer group* in several remarketing categories by a leading national auction chain.

• When comparing sales prices for same year, make and model of vehicles, Mike Albert consistently sold its vehicles for 8.1% more than the sales price achieved by companies in its peer group.

• When comparing the condition of Mike Albert’s vehicle portfolio to the portfolio of its peer group, 23% of Mike Albert’s vehicles were categorized in grades four and five (five being the greatest). Only 14% of the peer group’s vehicles were categorized in grade four; 1% were categorized in grade five. Grades four and five are considered above average. The higher the vehicle grade, the higher the return.

• Compared to the peer group, half as many Mike Albert vehicles were bought and re-wholesaled for greater profit. Mike Albert sells its vehicles in the right place at the right time for the greatest resale value, leaving little room for a wholesaler to purchase its vehicles and resell them for a greater profit.

*Peer group consists of seven comparable fleet management companies.