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Market Trendsby Mike AntichDecember 31, 2013

Return of 'Normal' Used-Vehicle Market Demands Seasonal Remarketing Strategy

For the past three years, everyone has been a remarketing genius. The low inventory of used vehicles in the wholesale market helped inflate resale values by about 10 percent. However, as greater volumes of used vehicles begin to enter the wholesale market, vehicle supply will start to meet buyer demand, which will put downward pressure on resale values. In many ways, the new used-vehicle market will demand returning to the basics, namely recognizing the seasonality of the used-vehicle market.

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In Memoriam: Coach's Insightsby Ed BobitDecember 16, 2013

Set Your Priorities for Another Challenging Year

Make sure that you not only learn about resale values, but you should be getting a free (customary for dealers and fleets) lunch at your favorite auction. Maybe your FMC is taking it for you.

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Market Trendsby Mike AntichDecember 13, 2013

Traits Needed to Successfully Implement a Fleet Sustainability Program

Even with senior management support, implementing a green fleet sustainability program is not for the faint-hearted. Inevitably, there will be pushback from all sides, which, at times, can seem overwhelming. A fleet manager’s mettle will be tested, but there are 13 traits that will help you be successful.

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Market Trendsby Mike AntichDecember 10, 2013

IRS to Focus on Auditing Fleets for Personal-Use Reporting & Compliance

Last August, the IRS announced areas it will prioritize for audits in 2014, one of which is fringe benefits, especially the personal use of company vehicles. Managing personal-use compliance is a headache. It is also expensive, with internal costs ranging from $35 to $75 per year per vehicle. Here's what you need to do to be prepared should your friendly IRS agent come knocking on your front door.

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Market Trendsby Mike AntichNovember 27, 2013

Top Trends in Truck Fleet Management in 2014

Calendar-years 2014 and 2015 will be pivotal years for truck fleet management due to the discontinuation of long-time commercial vehicles and the all-new replacement models and upfit packages entering the market. This is prompting vehicle and equipment specification revisions from the perspective of fleet efficiencies and driver satisfaction. Here are the Top 12 trends.

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The 12 NEW Complaints of Christmas

Thinking of the 12 Days of Christmas song, I thought I would substitute 12 hopefully smile-generating complaints that I’ve heard customers say. You’re lucky I decided not share this as a video since I’m banned from most karaoke clubs… Perhaps you and your staff have heard some of these comments/responses.

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In Memoriam: Coach's Insightsby Ed BobitNovember 8, 2013

7 Ways We Can Achieve Recognition of the Values of the Fleet Function

From my own experience, nothing gets an exec's attention more than a testimonial on a potential money-saving idea. And, why not make the benefit come back to the fleet manager?

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Market Trendsby Mike AntichNovember 7, 2013

How to Minimize the Risk of an Internal Audit of an Employee Sales Program

When selling out-of-service fleet vehicles to employees, companies need to ensure fleet policy is uniformly applied — without exception — and that all buyers are treated uniformly and consistently. If you are involved in individual price negotiations, it is prudent to document the sales process. Auditors want to ensure that policy is being enforced uniformly and consistently throughout the organization. Here's what you need to do to ensure you sail through an internal audit with flying colors.

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In Memoriam: Coach's Insightsby Ed BobitOctober 31, 2013

Leveraging the Strategic Relationship Between Corporate Execs and Fleet Managers

Ever since the NAFA Fleet Management Association announced its Beyond Fleet (many hats) initiative about two years ago, I (and our entire staff) have been 100-percent supportive of the program. We've been working closely with NAFA to make the campaign as effective as possible.

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Market Trendsby Mike AntichOctober 28, 2013

Policy Non-Compliance Can Void OEM Warranties

Many fleet vehicles require specialized synthetic motor oil, special coolant fluids, filters, OEM-manufactured spare parts, and strict adherence to manufacturer-recommended maintenance schedules to guarantee new-vehicle warranty coverage.

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Market Trendsby Mike AntichOctober 16, 2013

Is the Fleet Industry Grossly Under-Estimating Personal Use Miles of Company-Provided Vehicles

If you asked fleet managers what the industry average is for personal use of company vehicles, most would say it is approximately 15-18 percent. But, is it? Most of us will agree that some drivers fudge their personal-use mileage, but no one knows by how much. There is a growing suspicion that personal-use mileage is far greater — perhaps substantially greater — than what the industry accepts as conventional wisdom.

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Market Trendsby Mike AntichOctober 7, 2013

How to Get Employee Buy-in for Green Fleet Edicts

The best way to motivate employees to embrace sustainability initiatives is to link them to either the company’s bottom line or to the driver’s own personal benefits. The danger to corporate green edicts that don’t make this connection is that they sometimes backfire into driver disinterest.

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