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July 2, 2009 - Industry News

State Farm Accuses Hecker of Fraud

BLOOMINGTON, IL - The insurance company accuses Denny Hecker's Advantage Rent-A-Car and Southwest-Tex Leasing subsidiary of allegedly inflating auto repair bills on hundreds of rental car claims, according to the Star Tribune.

Tags: Advantage Rent-A-Car, Denny Hecker, lawsuit, Southwest-Tex Leasing, State Farm Mutual Automobile Insurance Co.

July 2, 2009 - Industry News

Plant Closures Drive Down GM’s June Fleet Sales

DETROIT - Down weeks at a number of its plants to tightly control inventories and better enable GM dealers to reduce their stock of vehicles was what drove down fleet sales, according to the automaker.

July 2, 2009 - Industry News

ARI Appoints Elliott as Director European Sales and Consultation

ELLIOTT

MT. LAUREL, NJ - Automotive Resources International (ARI) has appointed Tony Elliott as director of European sales and consultation, based at ARI's new offices in Zurich, Switzerland.

Tags: ARI, Automotive Resources International , director of European sales and consultation, Switzerland

July 2, 2009 - Press Release

Navistar Saves Money & Increases Expo Attendance with Virtual Event

WARRENVILLE, IL - More than 1,600 International and IC Bus dealer parts employees attended the new online "Power Up" Navistar Parts Virtual Conference and Sales Expo in June, according to the manufacturer.

Tags: Navistar, Navistar Parts Virtual Conference and Sales Expo, online forum

July 2, 2009 - Industry News

NAAA & CAR Conferences to be Jointly Held in 2010

FREDERICK, MD - A new and improved conference and convention schedule is in the works for 2010. Plans have been announced to combine next spring's NAAA Business & Quad Zone Meeting and Bobit's Conference of Auto Remarketing (CAR).

Tags: Bobit Business Media, CAR, Conference of Auto Remarketing, NAAA, National Auto Auction Association

July 2, 2009 - Executive Fleet News

Audi TDI Clean Diesel Paves Road to Energy Independence

HERNDON, VA - Audi launched an aggressive public awareness campaign in the U.S. to highlight the ways in which TDI clean diesel can help America achieve energy independence

Tags: Audi, clean diesel, TDI, The Truth in Diesel

July 2, 2009 - Executive Fleet News

The Tough Light-Loader - Volvo 445 Celebrates 60th Anniversary

GOTHENBURG, SWEDEN - In 2009, the light-delivery vehicle Volvo 445, which brought about the Duett and thus started Volvo's tradition of estate cars, turns 60.

Tags: Anniversary, Light Loader, Volvo, Volvo 445

July 2, 2009 - Executive Fleet News

Audi Releases Details, Teaser Photo of A5 Sportback, Says No U.S. Sales Planned

Audi A5

HERNDON, VA - Audi's march toward becoming the leading premium brand by 2015 will include the new A5 Sportback, but with one caveat: The car has not been approved for launch in the U.S., Audi says.

Tags: A5, A5 Sportback, Audi

July 2, 2009 - Executive Fleet News

Volvo Official Car When Sweden Took the EU Presidency

GOTHENBURG, SWEDEN - When Sweden and its Prime Minister Fredrik Reinfeldt took over the presidency of the European Union July 1, Volvo became the official transport supplier to the government through its marketing company, Volvo Personbilar Sverige (VPS).

Tags: EU, European Union, Sweden, Volvo

July 2, 2009 - Executive Fleet News

Volkswagen Named a Full-Line Corporate Leader in Strategic Vision's Total Quality Index

HERNDON, VA - Volkswagen of America, Inc. announced they have been named a corporate leader in Strategic Vision Inc.'s Total Quality Index (TQI).

Tags: Strategic Vision Total Quality Index, TQI, Volkswagen

June 30, 2009 - Industry News

Texas Bans Cell Phone Use in School Zones

ARLINGTON, VA - Effective Sept. 1, all drivers in Texas school crossing zones are banned from talking on hand-held phones and texting, according to the Insurance Institute for Highway Safety.

Tags: cell phone ban, cell phone use while driving, IIHS, Insurance Institute for Highway Safety , school crossing zone, Texas, text messaging, texting while driving

June 30, 2009 - Industry News

UPS to Continue Shipping Ford Vehicles

ATLANTA - UPS has extended its contract with Ford Motor Company to continue providing logistics services for the delivery of new cars to dealers, according to the delivery company.

Tags: Ford, logistics contract, shipping services, UPS

June 30, 2009 - Industry News

Resale Values for Car Segments Improve

GAINESVILLE, GA - All 10 car segments included in Black Book's auction analysis showed increases in value last week, according to Ricky Beggs, vice president and managing editor.

Tags: auctions, Black Book , resale value, wholesale market

June 30, 2009 - Industry News

Gasoline Rises, but Demand Worries Persist

GAITHERSBURG, MD - Crude oil closed within a few dollars of its 2009 high, but gasoline and heating oil are some 5-8 percent or so below top levels witnessed earlier in the month, according to the Oil Price Information Service.

Tags: crude oil, diesel, fuel demand, gasoline prices, Oil Price Information Service, OPIS, petroleum

June 30, 2009 - Industry News

Mercedes-Benz USA Announces New National Account Managers

BUXTON

MONTVALE, NJ - Mercedes-Benz USA has appointed three new national account managers to cover its New England, Mid-Atlantic, and Central-South regions.

Tags: appointments, MBUSA, Mercedes-Benz USA, national account managers

June 30, 2009 - Industry News

GM to Build Small Car in Michigan

DETROIT - The automaker's decision to build its future small car at its assembly plant in Orion Township, Mich. and stamping facility in Pontiac, Mich., is dependent on negotiations between GM and state and local government officials.

Tags: assembly plant, General Motors, GM, Orion Township, small car segment, vehicle production

June 30, 2009 - Industry News

AFLA Releases New 'Time Capsule' Video

TORRANCE, CA - The June 2009 Time Capsule video featured Helene Kamon, vice president of sales & marketing for AmeriFleet and AFLA's first female president.

Tags: AFLA, AmeriFleet, Automotive Fleet & Leasing Association, past AFLA president, Time Capsule video

June 29, 2009 - Press Release

NVLA to Host CVLE Seminar July 17-18

ALEXANDRIA, VA - The National Vehicle Leasing Association (NVLA) will host its Certified Vehicle Leasing Executive two-day management seminar on "Insurance, Auto Auctions, & Web Marketing" July 17-18 at the Astor Crowne Plaza in New Orleans.

Tags: Certified Vehicle Leasing Executive, CVLE, National Vehicle Leasing Association , NVLA, Seminar

June 29, 2009 - Press Release

Emkay Named One of 101 Best and Brightest Companies to Work For

ITASCA, IL - Emkay, Inc. has been selected as one of the 2009 winning companies in the 2009 101 Best and Brightest Companies in Chicago.

Tags: Chicago, company award, EMKAY, Inc.

June 29, 2009 - Executive Fleet News

Mercedes-Benz Developing 'Braking Bag' Safety Device

STUTTGART, GERMANY - In addition to the PRE-SAFE crash detection system on the Mercedes-Benz ESF 2009 S400 Hybrid experimental safety vehicle and the car's "inflatable metal" structure, there's also a full range of bags and bolsters to protect passengers in the event of a crash.

Tags: Braking Bag, ESF, Mercedes-Benz

June 29, 2009 - Executive Fleet News

Audi 2.0 l TFSI wins "International Engine of the Year Award 2009"

HERNDON, VA - For the fifth time in a row, a jury of 64 leading motoring journalists from more than 30 countries has voted the 2.0L FSI the "International Engine of the Year" in the 1.8L-2.0L category.

Tags: 2.0L TFSI, Audi, Award, International Engine of the Year, valvelift

June 29, 2009 - Executive Fleet News

USA Awards Volvo's Ivarsson Safety Work

GOTHENBURG, SWEDEN - The world's most prestigious award in traffic safety - the US Government Special Award of Appreciation - was given to Jan Ivarsson at Volvo Cars.

Tags: Award, safety award, Volvo

June 29, 2009 - Executive Fleet News

Electric Audi Has Solar Headlights

Photo Source: Georgia Tech Solar Jackets.

HERDON, VA - Ten years ago, solar headlamps would have been relegated to the same bin as glow-in-the-dark sunglasses and inflatable dartboards. Today, they're just another innovation in the EV/hybrid race to a green Shangri-La and a nice feature on a slick solar hybrid built by college kids.

Tags: Audi, Georgia Tech Solar Jaclets, solar power

June 26, 2009 - Press Release

Donlen Launches News National Fuel Card Discount Finder

NORTHBROOK, IL - Donlen Corporation has developed and launched a way for companies to further manage fuel costs with new and innovative fuel card discount functionality.

Tags: Donlen Corporation, fuel card, MasterCard

June 26, 2009 - Industry News

Voting for Fleet Hall of Fame Ends July 17

TORRANCE, CA – Voting to determine inductees for the 2009 Annual Fleet Hall of Fame will remain open until July 17. Cast your vote now!

Tags: 2009 Annual Fleet Hall of Fame, Inductees, online voting

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Migration to 4-Cylinder Engines Continues with 2010-MY Ordering

By Mike Antich
The ongoing volatility of gasoline prices has prompted a growing number of fleets to transition to four-cylinder engines. This transition started in the 2008-MY and accelerated with 2009-MY ordering, when gas prices surpassed $4 per gallon in the summer of 2008. Early indications are that the migration to four-cylinder engines will continue with 2010-MY ordering. We have already seen glimpses of this trend in the 2010 RFPs submitted to major OEMs.

Does LIBOR Still Correlate to Corporate Borrowing?

By Mike Antich
LIBOR was developed in 1984 as a measure of the real rate at which banks lend money to each other. Since the early 1990s, LIBOR has been used as a funding index for fleet leases. However, when the recent turmoil in the financial markets prompted governments to "backstop" bank borrowing, the cost of lending money began to represent a government-guaranteed rate, which no longer correlated to fleet lessor costs.

Commercial Fleets Reveal 2010-MY Buying Intentions

By Mike Antich

Sluggish Economy Continues to Dampen Resale Values for Medium-Duty Trucks

By Mike Antich

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