Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
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The poll is live for the 2021 Fleet Vehicles of the Year — vote for your favorite car, truck, and/or SUV, share the link, and help contribute to the next Fleet Vehicle of the Year.
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Supply chain constraints make it difficult to get replacement vehicles leading to extended cycling of those currently in service. This is pushing the envelope of warranty coverage that is exacerbated by a shortage of replacement parts.
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Many factors converged to exert upward pressure on PM costs, such as longer vehicle service lives due to limited product availability; the ongoing transition to synthetic oils; and higher labor rates to attract scarce technicians.
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The auto transport sector requires specialized trucks and training. In times of surges and droughts of production, driver retention becomes an even bigger issue.
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A simple camera system enables auction operations and dealers to market and sell vehicles at any point after a quick 360-round photo session.
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The annual conference will offer plenty to talk about and act on as the remarketing industry strategizes for a reset marketplace.
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President Paul Seger details how the annual event hosted by the International Automotive Remarketers Alliance will reunite hundreds of industry professionals and help steer industry actions and goals.
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The company president shares how a stronger safety culture evolved from experience with a pandemic and tornado.
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While the COVID-19 pandemic slowed remarketing efforts for some fleets and ramped them up for others over the past year, 2021 fleet remarketing is looking better for most everyone.
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