November 1, 2007 - PHH Arval sells thousands of used fleet vehicles each year through its network of auctions, marketing centers and dealers. Now it has announced its top-performing used vehicle auctions and retail dealers for the 2007 model year.
William F. Cieslak, Vice President of Vehicle Operations, stated that PHH clients receive best-in-industry performance from a differentiated network of auctions and retail dealers. “In working with these suppliers, PHH’s goal is to minimize the overall cycle time of the sales process in order to reduce inventory costs for our clients. Our focus in 2007 has been on process improvements that have resulted in a sustained 10% reduction in time to sell, enhancing our already-best-in-class cycle time metrics. And thanks to our retail network, PHH clients receive sales prices greater than wholesale.”
PHH identified its best-performing auctions and dealers for used vehicle sale and supporting services for the 2007 model year:
Northeast Region
Corry Auto Dealers Exchange - Tim Swift
Automotive Fleet - Garth Ebel (owner)
Southeast Region
East Tennessee Auto Auction- Mark Halseth
MDS Auto Exchange - Mark and Donna Phillips (owners)
Central Region
Greater Kalamazoo Auto Auction - Tim Olthouse
Five Star Automotive - John Caplinger
Southwest Region
Houston Auto Auction - Tim Bowers (owner)
G & R Motors - Gary Roberts
Western Region
Sacramento Auto Auction - Brasher Group
Wholesale Motors - Bob Kazdan (owner)
Northwest Region
Colorado Springs Auto Auction - Dan Johnson
Kountry Ken’s Auto Sales - Ken and Lynne McManigle (owners)
About PHH Arval
PHH Arval is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to corporate clients, including nearly one-third of the Fortune 500 companies, and government agencies. Through consultative expertise, flexible customer service, and award-winning Internet technology, PHH Arval helps clients reduce costs and increase productivity. For more information, visit www.phharval.com, or call 800-ONLY-PHH.
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary PHH Mortgage is one of the top ten retail originators of residential mortgages in the United States(1). Its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information on the company and its subsidiaries please visit www.phh.com.
(1) Inside Mortgage Finance, Copyright 2007
