August 22, 2008
ATLANTA – After eight years in the role of CEO for LeasePlan USA, David Dahm has decided to step down, but will remain on as chief operating officer.
Tags: CEO, chief operating officer, LeasePlan USA
August 12, 2008
MADISON, WI – ALD International has announced the appointment of Miel Horsten as chief executive officer of its subsidiary ALD Automotive USA.
Tags: ALD Automotive , ALD International, CEO
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By Mike Antich 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.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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In This Issue: Chevrolet Sweeps 2008 Fleet Car & Truck of the Year Awards, Analyzing Depreciation Trends: 2007 vs. 2006, Toshiba America Medical Systems’ Fleet Goes 100% Hybrid and much more…