November 2007, Business Fleet - Feature
By David Wurster, Chris Brown
Follow these common sense strategies before the acquisition decision, during ownership and prior to resale to help you hold the line on residual values.
Tags: resale, Residual Value
Authoritative & Targeted! We offer e-newsletters that deliver targeted news and information for the entire fleet industry. Subscribe to one or all of them...they're FREE. SUBSCRIBE!
View the latest eNews DRIVING FORCE
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
$10.00
In This Issue: Renting Wheels to Wheelchair Riders, in Memoriam: Fred Mudgett, Prepping Your Fleet Vehicles for Resale and much more…