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Low dealer consignment levels and a 30 percent drop in off-rental volumes have kept used vehicle prices afloat.
Read More →I am dismayed at the number of fleet managers who have lost their jobs due to corporate cutbacks. Similarly, I am amazed at the short-sightedness of today's senior management making these decisions without regard to the implications of lesser-qualified individuals managing one of their largest asset classes. I predict that companies that downgrade the expertise of their in-house management will be on the wrong side of history and will be the poster children of what not to do in a recession.
Read More →Vehicle replacement policy is one of the most critical aspects of fleet management. Nearly all fleet-related expenses, both fixed and operating, are influenced by when a vehicle is replaced. In a recessionary economy, senior management demands expense reductions and there is pressure to defer vehicle replacements. However, such a policy change could actually prove to be counterproductive to the intended goal.
Read More →Since the recession's start at the beginning of 2008, 4.4 million jobs have been lost due to corporate downsizings and layoffs. Many terminated employees were assigned company vehicles. In today's politically correct HR environment, the term "reverse expansion" is being used to describe the retrieval and reassignment of company-provided vehicles from terminated employees. A fleet manager suddenly thrust into a reverse expansion will find it very easy to make mistakes.
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While rentals are down 10-15 percent, operators are aggressively adapting to new market conditions and reaping the rewards.
Read More →In a down economy, implementing a revenue management strategy that addresses potential customers, fleet utilization, advance reservation build and competitors’ constant price fluctuations is more essential than ever.
Read More →Twenty-five years ago, there was a utopian vision of what fleet management would be like in the 21st century. However, this new century has been far from utopian. Its reality is more like a maelstrom. In eight short years, fleet managers have been buffeted by one major crisis after another, most of them unprecedented and severe. The first decade of the 21st century is shaping up to be one of the most tumultuous in the history of fleet management.
Read More →Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
Read More →. Detroit's top moguls meeting with President Ford found no encouragement toward an early prospect of another year that might see even ten million cars sold.
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