October 3, 2008
MANCHESTER, NH – Merchants has purchased the business of One Fleet Source, LLC, an acquisition that will strengthen the company's ability to serve its fleet leasing clients throughout the country.
Tags: Merchants Leasing, One Fleet Source
August 15, 2008
MANCHESTER, NH – Marty Wilds has joined Merchants Leasing as regional sales manager for the Southeast Region.
Tags: Merchants Leasing, regional sales manager
May 30, 2008
MANCHESTER, NH – Glen Villano has joined Merchants Leasing in the newly created position of chief operating officer.
Tags: Merchants Leasing
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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: Marketing & Sales, Legal, Near & Subprime, Buy-Here, Pay Here and much more…