Dana Gaffney, retired strategic account manager for Merchants Fleet Management, passed away on March 25 from lung cancer. She was 60. During her career in fleet leasing, Gaffney worked for Kayser Leasing, Velcor, ULTEA, and ALD Automotive USA.
Collapse of Oil Prices and Ruble Devaluation Negatively Impacting Russian Fleet Market
The Russian economy is in a recession, with the gross domestic product (GDP) shrinking 3% in 2015. This economic downturn is widespread, with output falling in key sectors of the economy. The overall fleet demand in the Russian market is down, primarily due to the volatility in the exchange rates for the ruble and its impact on new-vehicle pricing.