September 2008, Business Fleet - Feature
By Daryl Lubinsky
Two home healthcare providers implement ways to control fleet costs using their managed fleet programs, which would not have been possible under a reimbursement plan.
Tags: High Fuel Costs , Managed Fleet Program, Reimbursement
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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
$5.00
In This Issue: Hybrid Large Trucks: the Road to Viability, High Fuel Costs Push Companies to a Managed Fleet Program, Is Diesel Still a Good Deal? and much more…