Managing the Financial Side of Commercial Fleets

TAG SEARCH RESULT: Resale Value

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June 18, 2016

7 Reasons Why Vehicle Condition Should Not be Part of an Employee's Annual Job Review

If an employee threw trash all over the office floor, scratched the paint off the walls, broke the light bulbs, left holes and dents in the wallboard, and skipped routine maintenance on the copier until it overheated and broke, no manager would tolerate this abuse. Yet, that is exactly what some companies tolerate when drivers abuse their company-provided vehicles.

April 1, 2016

Top 13 Trends in Commercial Fleet Management

Without a doubt, the top two challenges facing fleet managers are cost containment and safety. This pressure is emanating from senior management, mandating fleet managers reduce costs and minimize liability exposure.

August 3, 2015

Vehicle Abuse: An Overlooked Remarketing Cost

The resale value of a used vehicle is determined by three factors: the unit’s age, total mileage, and overall condition. A used company vehicle in poor condition, because of driver abuse or neglect, will result in lost resale value or incur unnecessary reconditioning expense at auction. Here's what you can do to minimize vehicle abuse.

January 21, 2014

Identifying Missed Cost-Cutting Opportunities

Fleet managers can focus too much on the price of the products and services they buy, which can leave some cost-cutting opportunities unexplored.

April 2, 2012

Resale Basics 101

Fleets can achieve higher resale values by following some basic principles. Fleet remarketing experts share their expertise.

September 13, 2011

Resale Values Forecast to Decline 10-15% by 2014 as Used-Vehicle Supply Increases

Today’s high resale values are an anomaly caused by the shortage of used vehicles in the wholesale market due to the extremely low sales of new vehicles during the 2008-2011 timeframe. Nowadays, everyone is a hero when it comes to getting top dollar for their out-of-service fleet vehicles. However, these artificially high prices will ultimately decline as used-vehicle supply increases.

August 31, 2010

Used Commercial Vehicle Registrations Hit Record Levels, According to Polk

SOUTHFIELD, MI - With 354,400 used commercial vehicles registered in the U.S. during the first two quarters of 2010, the total sets a new record for used commercial vehicle registrations in a six-month timeframe and represents nearly 68 percent of the commercial vehicle market.

July 2, 2010

Used-Vehicle Supply to Decline, Resale Values to Increase in Coming Years

SANTA BARBARA, CA - ALG forecasts that the used-vehicle supply will decline over the next few years because of the extensive drop in new-vehicle sales in 2009.

March 9, 2010

Fleets Reassess Amortization Rates

In the commercial fleet industry, the most common amortization rate used for establishing a depreciation reserve is 50 months. Recently, some major fleets extended amortization rates on new-vehicle orders.

January 26, 2010

Depreciation Up in Most Vehicle Segments

According to industry analysts, most vehicle segments increased in vehicle depreciation in 2009 due to such factors as extended replacement cycling, shifts in the wholesale vehicle market, and higher capitalized vehicle costs.

September 29, 2009

Resale Values Experience a Drop, <i>Black Book</i> Reports

GAINESVILLE, GA - For the first time since the week ending May 15, total truck segments were down, according to Black Book.

September 22, 2009

The Hidden Cost of Personal Use

Many companies are wondering whether they are charging enough for personal use. At some companies, this discussion is long overdue. When re-evaluating personal use charges, a common mistake is to focus solely on the cost of fuel. However, doing so ignores the other “hidden” costs of personal use, which have also risen.

September 22, 2009

Resale Values Consistent, Brief Slowdown Expected

GAINESVILLE, GA - The last three months have exhibited a consistent trend in increased values for used cars, reported Black Book.

August 7, 2009

Overall Resale for Car & Truck Segments Remain Positive

GAINESVILLE, GA - Black Book reported an overall increase in both the car and truck segment last week, with increases larger than decreases.

July 14, 2009

Top 6 Fleet Trends in the Medium-Duty Truck Market

Six key trends will determine Class 3-7 medium-duty truck lifecycle costs in the 2010 calendar-year. They are diesel prices, acquisition costs, resale, maintenance costs, replacement tire expense, and environmental regulatory requirements. Here is a forecast of what to expect.

July 14, 2009

Overall Resale Values Continue to Improve, Reports <i>Black Book</i>

GAINESVILLE, GA - All 10 car segments gained in value for the second time in the past three weeks, according to Black Book.

June 16, 2009

Resale Market Experiences Record Change, <i>Black Book</i> Reports

GAINESVILLE, GA – The number of used vehicles whose value changed June 8 was 10,036 — a single-day record, reported Black Book.

June 9, 2009

Sluggish Economy Continues to Dampen Resale Values for Medium-Duty Trucks

Resale values have significantly declined across the board on all medium-duty trucks, with five-year old medium-duty trucks decreasing, on average, between 18-23 percent in the past 12 months. Trucks older than 10 years have been more difficult to sell due to higher fuel and maintenance costs. The ongoing sluggish business environment is the key reason for the soft resale market. Here's a forecast of what's to come.

April 9, 2009

Fixed or Floating: Which Lease Funding is Best?

Lease rate funding instruments have become more and more complex. Most lessors recommend floating rate fleet leases. Is there a place for fixed financing any more?

March 24, 2009

Auctions Experience More Increases than Drops in Value, Reports <i>Black Book</i>

GAINESVILLE, GA – More increases than drops in value last week are a good sign that the market is continuing to be strong and active, according to Black Book's Ricky Beggs.

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Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

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Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

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Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

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Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

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