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The hurricanes that swept through Texas and Florida destroyed and damaged as many as 900,000 vehicles, and the replacement activity that the catastrophic events spurred boosted retention by almost 2%, according Black Book.
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Overall used values were very strong in retention for the first half of 2012. Fleet remarketing teams continued to bring in better-than-predicted returns as they remarket out-of-service vehicles.
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Multiple factors increased fleet order-to-delivery times, such as quality holds, massive recalls, the Cash for Clunkers program, GM & Chrysler’s emergence from bankruptcy, and the decision to build to demand, not to capacity.
Read More →Turnover in diesel fleets happens slowly. The average service life for a medium-duty truck is 5-10 years, while a short-haul owner-operator heavy-duty truck typically has the lifespan of 18-20 years. Despite the 2007 and 2010 diesel emission standards, tens of thousands of older, dirtier trucks will remain on the road into the next decade. Is there a way to accelerate the turnover of pre-2007 diesel trucks? One way is a Cash for Clunkers program specifically for work trucks.
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Automotive industry analyst John McElroy is “bullish” about the future of the Detroit 3, forecasting a “perfectly aligned” market for Ford, GM, and Chrysler and record profits in 2013-2015, if industry-wide sales increase again to 14 million units.
Read More →Dealer inventories at all-time lows make this a good time for small fleets to plan ahead and factory order.
Read More →GAINESVILLE, GA - The last three months have exhibited a consistent trend in increased values for used cars, reported Black Book.
Read More →DEARBORN, MI - Ford's Escape and Focus models are its two most popular vehicles under the "Cash for Clunkers" program.
Read More →HERNDON, VA – In support of the government-funded "Cash for Clunkers" program, the automaker will provide up to $4,500 off the purchase price of new, more fuel-efficient vehicle for consumers who trade in an older, less efficient vehicle.
Read More →All vehicle lessors should be aware that the current wording of the Cash for Clunkers Bill, H.R. 1550, does not provide any cash incentive to potential consumers or fleet lessees of light trucks who choose to lease their vehicle purchase.
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