This week's State of the Fleet Industry video takes a look at vehicle prices and values, acquisition and depreciation costs, interest rates, and other economic factors affecting fleets.
IARA Summer Roundtable: Electrification expert Kristin Slanina supercharged the annual consignors and remarketers conference with a step-by-step hopeful outlook for adopting, using, and reselling EVs.
There was further discussion about the currently high residual values (RVs) of vehicles, as well as leasing companies making good profits on resale.
Fleet budgets have been negatively impacted by escalating fuel prices, higher acquisition costs, decreased fleet incentives, unscheduled maintenance, and volatile upfitting expenses. One silver lining is strong vehicle resale values.
An iSeeCars study found that purple- and red-colored cars hold their value the best in the sedan segment. But would you acquire them for fleet?
When looking ahead to the next 12 months, it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices will likely continue to trend upward, and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.
Vehicle abuse is an avoidable fleet cost. The overt and hidden aggregate cost of abuse and neglect across an entire fleet is significant. Here's advice from Automotive Fleet readers on the cost of fleet vehicle abuse and the actions you can take to thwart it.
Mike Antich analyzes fleet purchasing inclinations, the variables impacting fleet costs, and skyrocketing resale values in this episode of State of the Fleet Industry.
There are a number of “hidden” costs to offering employees the personal use of a company vehicles. It negatively impacts the resale value of a vehicles. On average, personal use accounts for 15-18% of the overall miles accumulated during a vehicle’s service life. This blog will explore the various other hidden costs of providing personal use.
Topics discussed included the closure of OEM assembly plants and physical auctions; declines in resale values early in 2020 followed by strong residuals through the balance of the year; pandemic-induced flattened operating costs through the year; and the boom in last-mile delivery and e-commerce.
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