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Open-end (or finance) leasing was developed in 1951. Fleets wanted to lease units with off-balance sheet reporting. In 1981, the landmark Swift Dodge vs. IRS court decision legitimized the use of open-end TRAC leases.
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In the late 1960s, Don Fenton helped Long Chevrolet build its dealer fleet business. Just a decade later, the dealership was selling 20,000 Chevrolets through the fleet department — and outselling the retail business by 100 percent. Many of today’s industry pros got their start at Long Chevrolet.
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Improved vehicle system quality and electronic diagnostic capabilities, such as OBD-II, have made managing vehicle maintenance an easier task for fleet managers versus several decades ago.
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Advancements in technology have significantly impacted the ability for fleet managers to track fuel use and spending to make their operations more efficient and cost-effective.
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Fleet has been an early adopter of new technology, starting with card reader equipment in the 1950s, use of mainframes in the 1960s, “dumb” terminals of the 1970s, PCs in the 1980s, and now a multitude of Web-enabled services.
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Automotive remarketing was born in 1938. Since then, it has evolved with the times.
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The end of the 20th century saw safety and accident management programs gain traction.
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From its very beginning, the upfitting industry has been helping vocational truck fleets get the job done — their way.
Read More →Over the course of fleet management’s history, professional associations have played an integral part in building the profession.
Read More →Since the Lincoln Town Car has rolled into history, Toyota sees an opportunity in the livery market with the 2013 Avalon.
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