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Topics discussed included the closure of OEM assembly plants and physical auctions; declines in resale values early in 2020 followed by strong residuals through the balance of the year; pandemic-induced flattened operating costs through the year; and the boom in last-mile delivery and e-commerce.
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Since the inception of commercial telematics in the 1980s, the hardware required to capture engine data has been installed aftermarket. OEM-embedded telematics solutions are growing.
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Ford Commercial Solutions officially launched Ford Telematics, a web-based software platform and subscription service designed to grant fleet managers easy access to important connected vehicle data.
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An OEM-focused telematics solution is something work truck fleets may not already consider. Ease of installation and long-term industry involvement are just a few reasons to take a look.
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Mitsubishi Fuso Truck of America announced it is discontinuing new truck sales. Customers will remain supported for warranty repairs, maintenance services, and replacement parts until 2028.
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Michigan Governor Rick Snyder cited concerns about the legislation's potential impact on competition between OEMs and manufacturers of aftermarket parts serving the auto repair industry.
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Looking back on the problems that plague the OEM vehicle ordering and delivery process. And deciding what can be done to repair this broken system.
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In a Q&A with Automotive Fleet, analysts from financial advisory firm Stout Risius Ross provide insight into the ongoing surge in vehicle recalls.
Read More →The long-term trend in vehicle cycling for commercial fleets has been a gradual increase in vehicle service lives. An increasing number of companies cut costs by extending vehicle replacement cycles so cash flow can be diverted to other expenditures. When extending vehicle cycles, the most significant (and uncertain) expense is the impact on the maintenance budget. Another argument against extended replacement cycling, albeit less vocalized, is the impact on corporate sustainability.
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Slow retail sales have prompted not only closure of assembly plants, but also component factories, which is delaying parts deliveries. OEMs are also hiking parts prices, with some experiencing double-digit percentage increases.
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