November 6, 2008
DES PLAINES, IL – Wheels, Inc. has selected Innovative Funding Services to assist in financing some of the 60,000 vehicles it remarkets every year.
Tags: financing, IFS , Innovative Funding Services, partnership, Wheels, Inc.
October 7, 2008
NORTHBROOK, IL – The Donlen and IFS partnership will help ensure buyers are getting quality vehicles and an easy, streamlined financing option, the companies said.
Tags: Donlen Corporation, fleet financing, IFS , Innovative Funding Services
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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: Silva Delivers Productivity and Sustainability for PepsiCo in 2007, 10 Ways to Increase Driver Compliance to Fleet Policy, 5 Fatal Career Mistakes Fleet Managers Make (& How to Avoid Them) and much more…