The used-vehicle market since Sept. 11 has been volatile and its future is being governed by events beyond our control, such as the economy, a war, and unprecedented new-vehicle retail incentives.
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On average it takes approximately nine days for owned fleets to receive funds from the resale of fleet vehicles, while leased/managed fleets take 21.5 days, according to a survey of fleet managers conducted by Automotive Fleet.
Read More →Currently, we are in the midst of the traditional, seasonal downturn in the used-vehicle market, which has caused resale values to plummet. This is normal and it happens every winter, sometimes a little sooner, sometimes a little later.
Read More →Taurus was still the best selling used car, as it has been for three years. Ford leads the light truck class as well, with the F-150. Another continuing trend is the popularity of green cars with tan interiors.
Read More →When a company acquires an asset, or the use of an asset, whose value declines over time, that value must be appropriately reduced on the company's books. Vehicles are, without question, assets whose value decreases with use, and fleet managers must make the determination as to how quickly to reduce the original cost.
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Fleet managers have been pursuing cost savings forever. You're right. What is surprising to me is that in this era of virtual deflation for running costs (cheap gas) and the competition between outsourcing service companies as well as the street and sole-source incentives from the makers, where is one to look.
Read More →When is the right time to replace your light trucks and vans? That's a question we posed recently during a roundtable discussion with four of the most knowledgeable fleet managers in the business.
Read More →Controlling depreciation is a major activity of effective fleet administration which, when properly done, can provide a substantial reduction in the cost of operating a fleet.
Read More →If you can imagine for a moment that a leased car is a block of ice that begins to melt as soon as it is driven out of a showroom, you are well on your way to understanding the modern concept of automobile leasing.
Read More →Probably the most lively session at the AFLA Fall Meeting in Chicago this year was the Confessions of Car Wholesalers, a panel discussion of the wholesale car business followed by a testy question and answer session moderated by Pierce Walsh of Warren Buick.
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