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At the Automotive Fleet & Leasing Association's 2023 corporate fleet conference in Palm Springs, honors were bestowed for Fleet Manager of the Year, Fleet Visionary, and AFLA President's Awards. Three honorees were inducted into the Fleet Hall of Fame.
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A good synopsis of today’s commercial fleet market is exemplified by a fleet manager who said: “Everything costs more and it takes longer to get.” Sourcing constraints persist due to restrictive OEM fleet allocation ordering.
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Expected to arrive at dealerships in November 2023, the 2024 starts with an MSRP at $27,650 for the LE grade.
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LG will provide Toyota with 20GWh of high-nickel NCMA battery modules annually starting in 2025.
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Last week to vote! The 2023 Car, Truck, SUV, and Van of the Year awards celebrate excellence in the automotive industry, and your vote will help determine the winners.
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The overall used-vehicle inventory volume is still considered limited and has been stuck in the 2.2 million to 2.3 million range for the past four months.
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Break down preconceived notions on fleet safety and check out a new framework on how to manage it in your organization.
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Fleet costs are up across the board due to inflationary pressures. Acquisition costs have increased with minimal offset from fleet incentives. Interest rates are higher, impacting the lease vs. buy decision and companies requiring outside funding to replace vehicles.
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September auction sales bolstered prices through the channel, but wholesale is at a crossroads, mainly from concerns about the UAW strike possibly slowing new retail sales and moving buyers into the used market.
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The fourth quarter should bring stable pricing among buyers and sellers, which should reflect only modest changes between now and the end of the year.
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