News
Acertus Acquires Fisher Shipping, CEO to Join Acertus
Fisher Shipping will retain its brand and team, while its customers gain access to Acertus’ transportation, storage, vehicle care, and title and registration services.
Read More →Fisher Shipping will retain its brand and team, while its customers gain access to Acertus’ transportation, storage, vehicle care, and title and registration services.
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December 2021 numbers show the accumulating effects of supply chain shortages, price inflation, and static media incomes.
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Despite the interest in EVs, cost remains a critical barrier for fleet managers, particularly the larger upfront costs known to deter EV adoption.
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The average price paid for a new non-luxury vehicle in December 2021 was $43,072, slightly down from the record high set in November but still $900+ over sticker.
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The new company will be known as NewALD and will give the business extensive global reach with a total of 3.5 million vehicles under fleet management.
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Fleet sales year to date are also down 42% from the same time in 2019 when 2.8 million vehicles were sold.
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With record-high prices, low incentives, and a higher interest rate, the estimated typical monthly payment increased to a new record high at $687, which was up 20.7% year over year.
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A larger mix of SUVs and pickups helped drive up prices in November, but November was also the sixth straight month of sales volume declines.
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Looking at automakers, year-over-year changes in fleet sales differed by manufacturer, ranging from a decline of 97% to an increase of 28%.
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Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
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It is the highest level of interest in electrified vehicles that the Kelley Blue Book Brand Watch report has ever measured. Electrified vehicles sales soar 60%.
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