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Vehicle depreciation accounted for 32.9% of the total cost of ownership over the past 12 months, which continues a three-year trend of declining depreciation costs, according to a new study from Motus.
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In the five-year period between 2013 and 2018, a total of 376,773 vehicles were stolen because drivers left their keys or fobs in the vehicle, marking an 88% increase overall.
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Automotive Fleet's biennial fleet manager salary survey revealed that fleet manager salaries are growing, with more reporting earning salaries over $80,000 and fewer reporting annual earnings between $50,000 and $80,000 in 2018 compared to a previous study.
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Sales of vehicles to commercial fleets declined 1.7% in February, while sales to government agencies increased 2.4%. Sales to daily rental increased 5.3%.
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An estimated 6,227 pedestrians lost their lives on U.S. roads in 2018, which was a 4% increase over 2017 and the highest number of pedestrian fatalities in nearly three decades.
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The leading commercial truck tire sizes of 2018, as reported by the U.S. Tire Manufacturers Association, includes the perennially popular 295/75R22.5.
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Overall dependability for three-year-old vehicles improved 4% from last year, according to J.D. Power's 2019 U.S. Vehicle Dependability Study. However, the study also identified several "trouble spots" traced to new in-vehicle technology.
Read More →In January, sales to commercial fleets fell 1.9%, while sales to daily rental increased 16.1%. Sales to government agencies increased 5.7%.
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Commercial fleet adoption of telematics systems is expected to continue its torrid growth trajectory and increase to 20 million units in three years from the current 13 million units due to the increasing popularity of video-based driver management products and other solutions, according to a leading industry analyst.
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Albuquerque, N.M., which ranked as the top metro area in the nation for per-capital vehicle theft rates in 2016 and 2017, has thefts by 33% for the first nine months of 2018, according to the National Insurance Crime Bureau (NICB).
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