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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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DELRAY BEACH, FL - Gary Mott, an FLD employee since 1993, has been promoted to FLD vice president. He most recently served as vice president of business development.
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FAIRFIELD, CA - Copart Inc. said that company founder Willis J. Johnson has relinquished the title and responsibilities of CEO to A. Jayson (Jay) Adair, who previously served as company president.
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DETROIT - The Chevrolet Tahoe Police 2WD vehicle was found to have the lowest lifecycle cost in the law enforcement market, according to a lifecycle cost analysis by Vincentric.
Read More →According to industry analysts, most vehicle segments increased in vehicle depreciation in 2009 due to such factors as extended replacement cycling, shifts in the wholesale vehicle market, and higher capitalized vehicle costs.
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PARADISE VALLEY, AZ - N. Bud Grossman, co-founder of General Leasing Company (later named Gelco) and past president of the American Automotive Leasing Association (AALA), passed away Jan. 11 from Alzheimer's disease at his home in Paradise Valley, Ariz. He was 88.
Read More →Global Fleet Services is an international alliance of fleet management companies representing global regional markets. The alliance met in Spain to discuss fleet trends in Africa, Asia, Australia, and Latin America.
Read More →LONDON/NEW YORK - Clayton, Dubilier & Rice, LLC recently announced a definitive agreement to acquire BCA, one of Europe's leading vehicle auctions and remarketing companies, from Montagu Private Equity.
Read More →TORRANCE, CA - The last day to submit nominations for Fleet Financials Magazine's 2010 Fleet Executive of the Year Award is Friday, Jan. 29.
Read More →TORRANCE, CA - Automotive Fleet magazine is now accepting nominations for the 2010 Professional Fleet Manager of the Year Award. Deadline to submit is Jan. 15.
Read More →DETROIT - General Motors Corp. and Penske Automotive Group have confirmed details of a proposed transaction under which Penske would acquire the Saturn brand, according to GM and Penske statements. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the customer-focused Saturn brand.
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