August 19, 2008
COLOGNE, GERMANY – Volume production of the new Ford Fiesta, the first of a generation of new global small Ford cars, has started at the company's Cologne plant in Germany.
Tags: Cologne plant, Ford Fiesta, Germany
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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: 28 Vie for 2008 Public Sector Fleet Manager of the Year, Why the City of Victorville Switched to Leasing Vehicles and much more…