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The Manheim Market Report values saw above-average declines that were relatively consistent, with values declining almost 4% in the last four weeks.
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Highlights from the fleet management company's 2023 report include a goal of 100% electrified fleet by 2025 and EV acquisitions growing 75% in 2022 following the launch of Arc by Element.
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Increases in financing costs and interest rates drove vehicle ownership expenses higher in the second quarter of 2023, with costs accelerating over the first quarter.
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There is a limit to how much an asset can be modified before it begins to impact the fleet mission. If you are constrained by equipment limitations, the best way to achieve additional cost control is by modifying driver behavior.
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Automotive Fleet's Sound Off column presents views and opinions from diverse fleet industry voices on issues of the day.
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In June, new car registrations in the major European countries were significantly higher than the corresponding figures of the previous year. New registration numbers for January to June also surpass the previous year’s numbers.
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With production levels returning to normal and retail demand only modestly improved, sales to fleet channels have increased dramatically.
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Safety is key to fleet management success, as many companies are reaping the benefits of implementing a successful safety program. From fuel savings to decreased maintenance costs, learn more about how creating a culture of safety can benefit your fleet. Download now!
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Fleet simplification identifies asset functions to uncover commonality among the equipment and assets. Simplification increases operational efficiency as end-users become accustomed to the controls, displays, and operation of less diverse units.
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Clean Truck partnership members responded to the "unprecedented." emissions agreement with the California Air Resources Board with overwhelming support.
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