Paragon Automotive has made a six-figure investment to improve the efficiency of the defleet and refurbishment process at its Thurleigh site.
Paragon says the investment has addressed key pinch points in the defleet process, which is becoming increasingly complex as manufacturers add more options and fleets evolve to keep pace.
The company has seen a 30% increase in the requirement for wheel refurbishment in the last year. The range of alloy wheels is becoming increasingly complex, with painted, polished and shadow alloys becoming commonplace on modern fleets.
In addition, in-vehicle technology has changed the nature of loose items which are increasingly complicated and expensive; memory cards and sat nav systems in particular require careful attention.
The investment addresses these key developments with a dedicated wheel facility with polished alloy wheel lathes, to handle more wheels on site and speed up the refurbishment process. Paragon has also developed a secure facility to provide a traceable, fully managed loose item solution, which saves both time and money for its customers. In addition, further smart inspection capacity has been developed to process more vehicles more efficiently.
Commenting on the investment, Ian Carlisle, Chief Executive Officer at Paragon said: “We are continually investing to shape the most efficient way of moving a vehicle off of fleet to a sold car. With volumes continuing to rise and vehicle technology rapidly evolving, it is important we remain ahead of the curve by thinking smarter and investing for our customers.”
The 96 acre site is set to prepare over 40,000 vehicles this year, ready for sale. Customers are provided with real-time visibility of inventories through Paragon’s iSight system which can support sales led production.
Carlisle continued: “We are focused on shortening the time from defleet to dealer forecourt. While spending on land can build capacity, it is a focus on smarter thinking and technology that will deliver significant change in our industry. By linking defleet with remarketing and adopting sales led production we are able to drive more efficiency for our clients to create a flexible, cost-effective and greener solution for fleet operators and OEMs.”
The company says this forms part of a series of investments for growth as they deliver joined up supply chain services for over one million vehicles a year.