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There has been an ongoing trend toward flat maintenance costs for the past three years. A number of fleets replaced vehicles early to take advantage of the strong resale market in the 2010 calendar-year, which helped keep a lid on preventive maintenance costs for CY-2011, as the average age of fleet vehicles in operation decreased with an increased number of older units taken out of service.
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Any long-time fleet manager knows change is the norm in the fleet management profession. However, in the past 12 months, fleet managers have had to deal with unprecedented challenges. In the wake of tumultuous events buffeting the auto industry and ongoing market uncertainty, do fleet managers still think their jobs are fun? Here are their confidential responses.
Read More →Lordstown Motor’s bankruptcy makes life harder on the upstart automakers still standing — but this hot glare of reality is exactly what the market needs.
Read More →We had an opportunity to test drive the 2015 Chevrolet Cruze Diesel model and were impressed by its fuel economy, cruising range, engine performance, safety features, and its ability to contribute to corporate sustainability goals.
Read More →PHH Arval announced on Feb. 12, 2004 that it has entered into a definitive agreement to purchase the privately-held First Fleet Corporation, a national provider of asset management, operational support and financial services for companies that maintain private fleets of trucks, trailers and equipment. First Fleet Corporation will continue to market its brand separately.
Read More →CAMBRIDGE, MA – GE Commercial Finance Fleet Services has green lighted $20 million in lease line financing to support significant expansion of Zipcar's service.
Read More →FINLAND – Volvo Cars’ Finnish subsidiary is celebrating its 80th birthday. The company named OY Volvo Auto AB was first registered on July 10, 1928
Read More →DETROIT – Porsche's cars continue to fly out of showrooms despite soaring fuel prices.
Read More →As April opened, the total supply of new vehicles on dealer lots across the U.S. was down 10%+ and counting with days' supply down to 10.
Read More →The service, available in San Francisco, Oakland, and Los Angeles, was soft launched earlier in the year.
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