Codell Construction Maximizes Resale Values & Minimizes Fleet Costs

Background

Location: Winchester, KY

Fleet Size: 53 Vehicles

Industry: Construction

THE CHALLENGE

Codell Construction was purchasing vehicles ad-hoc, without a fleet strategy. Additionally, they were operating vehicles well beyond 200K miles. Without a holistic approach to replacing them, the company had no equity in its fleet and had trouble budgeting cash needs to buy new vehicles.

THE SOLUTION

Codell partnered with Enterprise Fleet Management to purchase and sell vehicles at the right time to maximize resale values. Their vehicles are now well maintained, intervals are met and a part of a proactive plan to be sold in 3–5 years.

THE RESULTS

With the flexibility of open-ended leasing, Codell has been able to reduce the average age of vehicles from 8 years to 4, ultimately maximizing their resale values. In addition to replacing vehicles more often, the company has a program to keep its fleet maintained—and within budget—by minimizing out-of-pocket expenses. Overall, Codell Construction reduced its total cost of fleet ownership as well as driver downtime.

Prior to Enterprise Fleet Management, our company purchased all vehicles outright and would run them for 200,000+ miles. This resulted in both high and inconsistent expenses year after year. We couldn’t be happier with our move to Enterprise Fleet Management. The local Enterprise team has been great at helping us manage our fleet as well as reducing costly expenses and downtime.

Patrick Codell, Vice President of Codell Construction

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