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BBL Fleet expanded its footprint in the fleet management industry with the acquisition of Velcor Leasing Corporation of Madison through a stock purchase agreement finalized Feb. 27, 2026.
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Fleet operating costs increased in CY-2019 due to higher PM costs, ongoing pressure to increase maintenance labor rates to address the widespread tech shortage, and higher prices for commodities to manufacture replacement tires.
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The Ridecell platform used by Penske Dash provides a complete solution for its carsharing service of Volkswagen Jetta cars
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Subcompact crossovers were the only segment that saw a positive change last month, compact vans and luxury cars saw the biggest declines.
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A lifecycle cost analysis that incorporates a work vehicle’s productivity can lead to greater fleet utilization and decreased fleet spend.
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The value of former fleet vehicles sold at physical auctions and through other wholesale channels fell 1.6% in September compared to August but were 0.9% higher than a year ago, according to commentary by KAR Global's chief economist.
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The fourth annual Fleet Visionary Awards were hosted at the 2019 Automotive Fleet & Leasing Association (AFLA) Conference alongside other prestigious fleet awards.
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Both the car and truck segment saw similar depreciation: overall car segment values decreased 0.51% last week compared to 0.65% the week before while truck segment values decreased 0.54% compared to 0.48% the week before.
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With a background in banking and finance, Fine is motivated by change, helping others, and creating more sustainable fleet operations.
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Ford plans to expand its partnership beyond Ann Arbor to six more U.S. cities, including Austin, Texas, Indianapolis, Pittsburgh, and Detroit.
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The used wholesale market showed strength in September, as values overall held up in line with what’s expected in summer, but the market is also beginning to show signs of weakness.
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