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In Memoriam: Gene Arbaugh of PHH

Gene Arbaugh, a retired long-time executive with PHH, passed away on November 18, 2022. He was 84. Arbaugh retired from PHH, a Fortune 500 company, in 1997. He was inducted in Automotive Fleet’s Fleet Hall of Fame in 2008.

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Past PHH Canada President Passes Away

Brian Hunt, a former president of PHH Canada,  passed away on Feb. 9, 2021, from cancer.  He was 69. Hunt joined Peterson, Howell & Heather (PHH) in 1982, a fleet management company headquartered in Hunt Valley, Md., which is now part of Element Fleet Management. 

Little-Known Story on What Motivated GE’s Entry into the Fleet Market

As we all know, General Electric (GE) has exited the fleet management industry after a three-decade presence, which started in 1984 when GE Credit Corp. purchased Kerr Leasing, a small family-owned leasing company in Englewood, Colo. What is not well known is why GE entered the fleet management industry in the first place. Here is the prologue or “back story” that was the catalyst to GE’s entry into the fleet business.

The Little-Known Origin of Total Fleet Management

“Total fleet management” is a generic, shorthand term used to refer to programs offered by FMCs that administer all aspects of a client company’s fleet operations. Have you ever wondered about the origin of this concept? You might be surprised to learn that IBM was one of the initial catalysts leading to the development of today’s total fleet management programs. This might surprise some in the fleet industry, because for the longest time, IBM has been the poster child of driver reimbursement.

Merger Mania Hits Fleet Market, Again

Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.

History of Fleet Leasing

Open-end (or finance) leasing was developed in 1951. Fleets wanted to lease units with off-balance sheet reporting. In 1981, the landmark Swift Dodge vs. IRS court decision legitimized the use of open-end TRAC leases.

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