September 25, 2008
EDEN PRAIRIE, MN – GE Capital Solutions Fleet Services hosted more than 100 NAFA members and guests at a recent North Central NAFA Chapter meeting.
Tags: GE Capital Solutions Fleet Services , North Central NAFA Chapter
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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: Proven Strategies Reduce Fuel Spend, High-Tech Solutions to Manage Tire CPM, One Size Doesn’t Fit All and much more…