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The first step to depreciation control is vehicle selection and matching the depreciation factor to the anticipated vehicle life. One common mistake in depreciation control is not capitalizing incentives into the cost of a vehicle.
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The 12-volt battery, along with the automotive electrical system it supports, will more than triple its voltage to 42 volts in the next four years. The three forces driving a new, higher voltage standard for automotive electrical systems are: 1. The increased power demands from convenience/comfort features and new electronic/telematic devices. 2. Mandated emission standards. 3. Mandated fuel economy standards. Vehicle electrical demand has doubled in the past 20 years and the current
Read More →There is a renewed emphasis on maximizing remarketing dollars following the dramatic declines in resale values that have been occurring over the past three years. Although purchasing and negotiating skills are crucial, the skill that continues to set apart exceptional fleet managers is their remarketing expertise. One remarketing channel receiving increased attention is internal remarketing or the sale of company vehicles to employees. The key ingredient to a successful employee sales program
Read More →While a positive forecast of the national economy supports continuing improvement in resale values, retail new-vehicle incentives remain the wild card in determining the future strength of the wholesale used-vehicle market.
Read More →There are only two ways that a company can increase the bottom line: increase sales or reduce expenses. Increasing sales only improves profits at the company’s after-tax profit margin, i.e., at a 5-percent margin, a dollar increase in sales produces only a nickel of profit. Expense reduction, however, drops to the bottom line dollar for dollar.
Read More →The results are in. In 2003, the NAFA Foundation study found that availability of optional features and competitive pricing received higher satisfaction ratings than in past surveys, while areas including value for money paid, resale value, and vehicle quality continued to improve.
Read More →Car-rental transactions are down in a stagnant travel environment, and used rental risk-car prices are also down. In the past, car-rental companies used the gains on used-car sales to offset reduced revenues from rental operations.
Read More →Event data recorders (EDRs) are electronic “black boxes” that collect and store information about the operation of a vehicle. A variety of data can be recorded such as vehicle speed, steering wheel angle, accelerator pedal position, and the degree of pressure applied to the brakes immediately prior to an accident. Nationwide, black box sensors have been built into millions of vehicles currently in operation.
Read More →Paying too much for vehicles, using too much fuel, and recording low resale proceeds are all hard dollars that a fleet manager can capture. But other costs — so-called ‘soft’ and ‘hidden’ costs — can be controlled as well.
Read More →Providing company vehicles to key executives has long been one of the most sought-after-non-cash benefits. Even in tight budgets, this important recruitment/retention tool can be managed efficiently.
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