Siebel Automotive Guide > Managing End of Lease and Remarketing Activities > Setup Tasks for End of Lease and Remarketing >

Setting Up Auction Events and Pricing

To sell vehicles at auction, you must do the basic work of setting up auction events, such as entering information about the auction houses that you work with.

For more information about setting up auction events, see Siebel Events Management Guide.

In addition, you must set up pricing for automotive auction events.

Key fields that affect pricing include:

• Odometer. Entered in Vehicles screen, More Info view. This is the current mileage of the vehicle, which is useful for calculating mileage adjustments.
• Damage Extent. Entered in Vehicles screen, More Info view. This is the damage that has occurred to the vehicle, which is useful for calculating the damage adjustments based on the value of the Damage Benchmark field, which is specific to each product.
• Damage Adjustment Amount. Entered in Administration - Product screen, More Info, More Info view.
• Damage Benchmark Amount. Entered in Administration - Product screen, More Info, More Info view.
• Excess Mileage Factor. Entered in Administration - Product screen, More Info, More Info view. This is the decimal value that is multiplied with the Excess Mileage, with the result deducted from Vehicle Price. It is specific to each product.