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A newcomer can establish marketshare in the mature fleet leasing industry by buying an existing portfolio or by generating new business. World Omni has taken the latter approach to become the nations 11th largest lessor.
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Currently, there are more than 2.5 million telematic units in service managing fleet vehicles, mobile workers, trailers, heavy equipment and other assets. The market is expected to expand to 5.8 million units by 2009, with revenues growing to more than $2 billion.
Read More →Despite all leading-edge technology and bleeding-edge regulations that are being thrust upon the fleet market, there is a gaping hole in many fleet plans. What to do when a vehicle, or a whole bunch of vehicles, are suddenly not available?
Read More →In reviewing the history of fleet management from the 1950s to present, a single question stands out among all others as the most frequently asked: “How long should I keep my vehicles in service?” Today, a growing number of fleets are shifting to more flexible vehicle replacement cycles based on prevailing market conditions, rather than predetermined mileage and/or months in service parameters. Enabling this shift is the growing sophistication of lifecycle optimization modeling.
Read More →Automotive Fleet's website has a new Global Fleet news page where you can check out the latest fleet management news on a regional basis.
Read More →While personal use averages 16%, outside market dynamics can cause personal use mileage to increase. For instance, when fuel prices increase, there is typically a spike in employees using fleet vehicles for personal use since the company pays for gasoline.
Read More →CHICAGO – Mark Conroy has been named vice president, sales and marketing for Union Leasing, effective July 1.
Read More →WIXOM, MI --- Kiekert, a leading manufacturer of automotive locking systems, has unveiled two innovative latch systems for compact-class vehicles.
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