Create a free Trucks, Parts, Service account to continue reading

The resurgence of reman

user-gravatar Headshot

Cost conscious fleets have turned to remanufactured parts for years, and lines of customers are getting longer. Very few aftermarket segments have a head of steam like reman parts.

Recent movement in Washington may actually have a positive impact on trucking for once, specifically manufacturers of reman components.

U.S. Reps. Gary Peters (D-Mich.) and James Lankford (R-Okla.) have introduced the Federal Vehicle Repair Cost Savings Act of 2014 (H.R. 4056), which encourages civilian federal fleet managers to use remanufactured parts when maintaining the fleet, noting the environmental, economic and product performance benefits associated with their usage.

Motor & Equipment Remanufacturers Association (MERA), a division of Motor & Equipment Manufacturers Association (MEMA), has thrown its support behind the bill.

Citing a March 2013 Government Accountability Office report, MEMA says there are approximately 588,000 vehicles in the civilian federal fleet. H.R. 4056 encourages the use of remanufactured parts in maintaining the fleet, thereby realizing the economic cost savings while preserving quality and performance.

“In a 2012 report from the U.S. International Trade Commission, the United States is the world’s largest producer, consumer and exporter of remanufactured goods,” says Steve Handschuh, president and CEO, MEMA, who adds the industry supports more than 180,000 hard working men and women in the U.S.

And they’re finding more support at parts counters than ever before.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Download
Used Truck Guide Cover