Friday, August 27, 2010

Keeping Asset Valuations On Track

GoIndustry DoveBid has completed a valuation of 800 car carrier rail wagons for a national operator in mainland Europe. As part of our thorough and detailed appraisal process, we needed to take the age and peculiarity of the fleet into account, which ranged from ten to fifty years of age.

In the absence of any solid contract details, we also had to consider and determine the likely future requirement of these units, along with anticipated refurbishment and maintenance costs, as well as anticipated future value.

Recent changes in demand for new cars have impacted on the utilization of this type of equipment significantly, with a corresponding impact upon demand for new vehicle sales support services.