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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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The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
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Tight new-vehicle supply puts upward pressure on new-vehicle transaction prices. Affordability hits 10-year low in July.
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From the pandemic to chip shortages, vocational fleets have had to weather a lot. Here’s what they can do to prepare going forward.
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During calendar-year 2020, fleet maintenance expenses declined year-over-year compared to CY-2019, primarily driven by the COVID lockdowns and customer restrictions on allowing visitors on company premises. In addition, vehicles were under-utilized resulting in unintended additional problems such as flat tires, dead batteries, and rusting brakes.
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The three finalists for the 2020 Edward J. Bobit Professional Fleet Manager of the Year award were announced by Automotive Fleet magazine. The award is sponsored by Wheels, Inc. and the Automotive Fleet & Leasing Association (AFLA). The winner of the Edward J. Bobit Professional Fleet Manager of the Year award will be announced at the 2021 AFLA Conference, which will be held in-person on Oct. 4-6, 2021, at the La Cantera Resort and Spa in San Antonio, Texas.
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Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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The annual Globee Sales and Customer Service Excellence Awards recognize achievements in sales, service, support, and business development from all over the world.
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The company's second quarterly report in a row highlights key aggregate metrics for the auction industry.
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As director, global fleet & travel, Kimberly Fisher manages 5,000-plus assets globally for National Oilwell Varco implementing a global fleet strategy. Fisher manages the company’s global fleet in the U.S., Canada, UAE, U.K., and Brazil.
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