The Source for Multinational Fleet Professionals
This week's State of the Fleet Industry video examines how vehicle prices and values, acquisition and depreciation costs, interest rates, and other economic factors affect fleets—especially when resale values normalize.
There was further discussion about the currently high residual values (RVs) of vehicles, as well as leasing companies making good profits on resale.
Experienced fleet managers say they’re seeing prices move up quickly, often faster than they can easily track to keep their choice lists current.
Fleet budgets have been negatively impacted by escalating fuel prices, higher acquisition costs, decreased fleet incentives, unscheduled maintenance, and volatile upfitting expenses. One silver lining is strong vehicle resale values.
Vehicle abuse is an avoidable fleet cost. The overt and hidden aggregate cost of abuse and neglect across an entire fleet is significant. Here's advice from Automotive Fleet readers on the cost of fleet vehicle abuse and the actions you can take to thwart it.
Mike Antich analyzes fleet purchasing inclinations, the variables impacting fleet costs, and skyrocketing resale values in this episode of State of the Fleet Industry.
Costs. Maintenance. Engine life. Performance. Which powertrain has the advantage? Gasoline, or diesel? Which one is right for your fleet? Likely, it depends.
Determining when exactly to cycle your vehicles is a fine balance among many factors, from acquisition, through operation, and resale or asset disposal. Here are nine questions to answer when you’re deciding when and how to best cycle your trucks.
Overall used vehicle values are at strong levels. Crossover values are holding steady but there is cause for concern in the near future. Sedan values are expected to improve or stabilize as more crossovers enter the market.
Your primary goal is to spec a truck to meet the intended job function, but how it is spec’ed has a direct bearing on future resale value. Therefore, it is similarly important to maintain a remarketing mindset when identifying specs.
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