About FLD

For more than three decades, FLD has been the vehicle and equipment remarketing industry leader. We are here to provide you with consistent returns at the top-of-the-market threshold in the shortest amount of time on your end-of-term assets, including cars, trucks, vans and equipment.

We are more than a fleet management company. We offer direct buy and other customized programs and services. From pickup to sales documentation, we save you time and money by shortening the remarketing process by days, weeks or even months. We will assist you in remarketing assets in any condition or location, including those that are wrecked or inoperable.

With FLD, you’ll never have to wait to receive your funds. Our customers receive payment immediately as our strong financial position allows us to purchase fleets of all sizes. FLD maintains depository balances in the mid seven-figure range and multiple credit facilities, each in excess of seven figures. Our superior credit worthiness and financial position have also earned us a D&B Rating of 3A1.

We are committed to providing unsurpassable customer service and maximum returns on all of your assets. Our commitment is to your satisfaction.


Our Mission

To save fleet managers money through the power of remarketing technology.

For the past 30 years, FLD has worked to develop a suite of customized remarketing solutions, inventory management tools and IT software solutions because of what we believe.

• We believe in the power of technology to make something as costly and time-consuming as fleet management easier for our clients.

• We believe that fleet managers have better things to worry about in running their fleet than trying to handle the cumbersome process of selling their fleet vehicles themselves and incurring the associated costs and loss of personnel resources.

• We believe that companies should not have to let dollars go to waste with idle end-of-life vehicles and equipment sitting on their lots before they are sold.

Most importantly, we believe in empowering fleet managers nationwide to have complete control over the management and marketing of their fleet.

 

Our History

FLD, one of the largest privately-held remarketing companies in the United States, has been buying end-of-term vehicles and equipment for more than three decades. Through our commitment to superior customer service and technology over the years, FLD has distinguished itself from its competitors through its investment in and development of a customized software package unique to the industry over the years.

Company Timeline

1979 FLD founded by Michael P. Sheinson

1985 FLD applies Carbitrage methodology to data mine regional indifferences

1995 FLD creates industries first Electronic Condition Report. By the year 2000 the automotive industry would widely adopt Electronic Condition Report practices industry wide and known today as eCR among most organizations.

1997
FLD launches WebAccess™. WebAccess™ becomes the industry’s first web portal to provide fleet managers/administrators digital photographs coupled with eCR via the web

1999 FLD Releases WebAccess™ Mobile, a smartphone accessible version of WebAccess™.

2000 FLD launches industry’s first 100% Web-based vehicle grounding site. Designed for Royal Bank of Canada, formerly Centura Bank

2001 FLD “Data Mining SQL 2000.” FLD collaborates with author Claude Siedman providing data mine study for the technical resource guide “Data Mining MS SQL 2000”

2005 FLD creates Veretech, LLC also known as Intelliprice. FLD’s Intelliprice executes industry’s first online consumer vehicle trade-in program.

2007 FLD sells Intelliprice to Hearst Publications

2009 FLD founder Michael P. Sheinson passes

2011 FLD diversifies product and service offerings adding Rep-It, Post-It and Sell-It to its portfolio

2013 FLD releases OnceOVR™, the industry’s first smartphone eCR app providing actual FMV pricing to commercial fleet customers

2015 Gary Mott is named President

2016 OnceOVR Pro™ is enhanced with its Optical Character Recognition (OCR) capability, enabling scanning of VIN barcodes

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