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French multinational energy services provider Schneider Electric plans to offer fleet management services for companies and agencies considering adding electrified vehicles to their fleet with funding from its new fund, Schneider Electric Ventures.
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Ford and Toyota had the most models named as having the best certified pre-owned value among 37 segments by Vincentric, the vehicle valuation firm announced.
Read More →The Automotive Fleet and Leasing Association will host a new forum to help educate its members about big-data ramifications for fleets in early 2019.
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Higher-revenue companies with vehicle fleets listed three major barriers that are keeping them from more widely adopting battery-electric vehicles even though they have identified an appetite for the benefits that go with them, according to a new survey from UPS and GreenBiz.
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The procurement function of researching, negotiating contracts, and purchasing fleet vehicles must harmonize with the management of those assets, so the corporation can achieve the most efficient and best utilization of a fleet’s vehicle lifecycle.
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To understand those challenges firsthand, LeasePlan’s global employee fleet intends to go fully electric by 2021.
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Diesel-powered cargo vans are providing fleet buyers with a lower total cost of ownership than gasoline models, while many diesel-powered trucks aren't recouping the higher acquisition cost, according to a Vincentric analysis.
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A truck’s total cost of ownership (TCO) covers a specific range of expense variables, regardless of the make or model. The four lifecycle categories that influence TCO are fixed costs, operating expenses, incidental costs, and depreciation/resale value. A key factor that drives these lifecycle categories is a vehicle’s service life.
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Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
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Most in procurement take the position that fleet’s primary responsibility is to buy assets and services, which annually can range from millions to tens of millions of dollars in expenditures. This amount of corporate spend requires it be managed by someone with superb negotiation skills and proven procurement acumen.
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