A new company is set to launch into the remarketing arena and is aiming for a large slice of the 1.4 million cars disposed of every year by carmakers.

First Fleet has been created by automotive logistics supplier AutoLogic. Executives say the company is a natural extension to the AutoLogic business, which already has long-standing relationships with carmakers, rental companies, and contract hire and leasing companies.

Gerry Lynch, previously with BCA, Eurofleet and, more recently, Inchcape Automotive, will head First Fleet. He believes the remarketing sector is “extremely fragmented”.

“Our research tells us that customers want one company that can provide a wholly integrated portfolio of management and data services that cover the complete lifecycle of their vehicles,” he says.