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OTD was affected by plant closures due to Chapter 11 reorganizations by GM and Chrysler, an economic downturn that decreased fleet and retail sales, and shipping delays caused by less-than-full loads for railcars and transporters.
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Nine new members were inducted into the Fleet Hall of Fame in a special ceremony at the Automotive Fleet & Leasing Association's (AFLA) annual meeting Sept. 10.
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Diverse vehicle selectors offering multiple makes and models are relatively common among European corporate fleets. Could the future hold the same for the U.S. fleet market over the next decade?
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Wheels Inc. and ALD Automotive have entered into a global partnership to serve the needs of multinational corporations operating global fleets. Together, they operate in 40 countries and have a portfolio in excess of 1.1 million vehicles.
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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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During these times of financial upheaval, fleet managers may have an opportunity to make changes that would not have been considered in the past — to address challenges with a positive approach.
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This upstream remarketing channel, which offers out-of-service fleet vehicles not only to drivers, but also to the broader purchasing pool of other company workers, saves money and provides a valuable employee benefit.
Read More →Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. Contributing to this rebound is a decrease in wholesale inventory, low fuel prices, and strong retail used-vehicle sales.
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Responding to increasing interest and demand for environmentally responsive programs, fleet management companies offer an array of corporate green fleet initiatives.
Read More →Responding to increasing interest and demand for environmentally responsive programs, fleet management companies offer an array of corporate green fleet initiatives.
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