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In Memoriam: Coach's Insightsby Ed BobitAugust 18, 2009

Comparing the CFO With the Fleet Manager

Most of my life, and until quite recently, I have always unconsciously felt like there were many levels that separated the two positions within a company. A few weeks ago, I altered my reasoning and actually found a number of similarities between the two responsibilities.

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Market Trendsby Mike AntichAugust 11, 2009

What Fleet Managers Find Rewarding About Their Jobs

In these challenging times, you might think the rewards of being a fleet manager are few and far between. However, this is not so with many fleet managers. There are six common themes to what fleet managers find fulfilling about their jobs.

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Market Trendsby Mike AntichJuly 31, 2009

Are Fleet Managers Still Having Fun?

Any long-time fleet manager knows change is the norm in the fleet management profession. However, in the past 12 months, fleet managers have had to deal with unprecedented challenges. In the wake of tumultuous events buffeting the auto industry and ongoing market uncertainty, do fleet managers still think their jobs are fun? Here are their confidential responses.

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Market Trendsby Mike AntichJuly 21, 2009

More Diverse Vehicle Selectors: Will the U.S. Mirror Europe’s Fleet Market?

Diverse vehicle selectors offering multiple makes and models are relatively common among European corporate fleets. One of the many reasons is the fragmented fleet market shares of each OEM. In Europe, a large number of nameplates compete for the same commercial fleet business. Could the same future unfold for the U.S. fleet market over the next decade?

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Market Trendsby Mike AntichJuly 14, 2009

Top 6 Fleet Trends in the Medium-Duty Truck Market

Six key trends will determine Class 3-7 medium-duty truck lifecycle costs in the 2010 calendar-year. They are diesel prices, acquisition costs, resale, maintenance costs, replacement tire expense, and environmental regulatory requirements. Here is a forecast of what to expect.

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Market Trendsby Mike AntichJuly 7, 2009

10 Recommendations: <br>What Drivers Should Do After a Fleet Accident

Drivers must collect as much information as possible when involved in an accident while driving a company-provided vehicle. Failure to do so can lengthen the accident management process and, in a worst case scenario, create unnecessary liability exposure for the company. What information should be collected? What shouldn't be said? Here are 10 do's and don'ts for fleet managers and drivers to follow.

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Market Trendsby Mike AntichJune 29, 2009

Migration to 4-Cylinder Engines Continues with 2010-MY Ordering

The ongoing volatility of gasoline prices has prompted a growing number of fleets to transition to four-cylinder engines. This transition started in the 2008-MY and accelerated with 2009-MY ordering, when gas prices surpassed $4 per gallon in the summer of 2008. Early indications are that the migration to four-cylinder engines will continue with 2010-MY ordering. We have already seen glimpses of this trend in the 2010 RFPs submitted to major OEMs.

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Market Trendsby Mike AntichJune 22, 2009

Does LIBOR Still Correlate to Corporate Borrowing?

LIBOR was developed in 1984 as a measure of the real rate at which banks lend money to each other. Since the early 1990s, LIBOR has been used as a funding index for fleet leases. However, when the recent turmoil in the financial markets prompted governments to "backstop" bank borrowing, the cost of lending money began to represent a government-guaranteed rate, which no longer correlated to fleet lessor costs.

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Market Trendsby Mike AntichJune 15, 2009

Commercial Fleets Reveal 2010-MY Buying Intentions

Fleet ordering for the 2010 model-year is shaping up to be higher than 2009-MY, but that's not saying much since 2009 was such an abysmal year. Many commercial fleets deferred 2009-model ordering. Some fleets purchased no replacement vehicles and skipped the 2009 ordering cycle altogether. A large number of commercial fleets decreased the volume of their 2009 ordering and are now playing catch-up with the 2010 model-year.

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Market Trendsby Mike AntichJune 9, 2009

Sluggish Economy Continues to Dampen Resale Values for Medium-Duty Trucks

Resale values have significantly declined across the board on all medium-duty trucks, with five-year old medium-duty trucks decreasing, on average, between 18-23 percent in the past 12 months. Trucks older than 10 years have been more difficult to sell due to higher fuel and maintenance costs. The ongoing sluggish business environment is the key reason for the soft resale market. Here's a forecast of what's to come.

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Market Trendsby Mike AntichJune 2, 2009

Fleets Stand Behind GM in Chapter 11, But Questions Linger

Automotive Fleet magazine conducted a survey of General Motors' largest commercial fleet customers, immediately following its June 1 announcement that it filed for voluntary Chapter 11 bankruptcy protection. Here's what these commercial fleet managers had to say.

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Market Trendsby Mike AntichMay 26, 2009

Short-Sighted Management: What Not to Do in a Recession

I am dismayed at the number of fleet managers who have lost their jobs due to corporate cutbacks. Similarly, I am amazed at the short-sightedness of today's senior management making these decisions without regard to the implications of lesser-qualified individuals managing one of their largest asset classes. I predict that companies that downgrade the expertise of their in-house management will be on the wrong side of history and will be the poster children of what not to do in a recession.

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