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February 4, 2010 - Industry News

Transportation Secretary LaHood Revises Warning to Toyota Dealers, Toyota Responds

Transportation Secretary Ray LaHood revises his remarks to Toyota owners to take their vehicles to dealers and "exercise caution until repairs can be made."

Tags: recall, sudden acceleration, Toyota

February 4, 2010 - Industry News

Toyota Answers FAQs Regarding the Sticking Accelerator Pedal and Floor Mat Pedal Entrapment Recalls

Toyota addresses the concerns many consumers on the recent announcement of the sticking accelerator pedal recall and the suspension of sales.

Tags: driver safety, FAQ, floor mat, recall, sudden acceleration, Toyota

February 4, 2010 - Industry News

GM Tests Show Vibe Brakes Can Stop Unintended Acceleration

Though GM discovered that the Pontiac Vibe's brakes stop the vehicle in case of unintended acceleration, the company says that any customer who experiences any accelerator pedal issues should immediately park the vehicle and have it towed to his/her GM dealer for an inspection.

Tags: GM, Pontiac Vibe, recall, sudden acceleration, Toyota

February 4, 2010 - Industry News

Cummins Announces Multi-Year Agreement with Chrysler Group LLC

Cummins will supply 6.7-liter Turbo Diesel engines for Ram Heavy Duty pickups and Chassis Cab trucks.

Tags: Chrysler LLC , Cummins, diesel engines, Dodge Ram Heavy Duty

February 4, 2010 - Industry News

2 Men Die from Multiple Stab Wounds at Manheim Auction Lot

Police are investigating a case where two men, 53 and 63, respectively, were stabbed to death at a Manheim car lot. The motive is currently unknown.

Tags: Manheim auction lot, murder, stabbing

February 4, 2010 - Industry News

What to Do During a Sudden-Acceleration Incident

In the event a driver experiences unintended acceleration in a vehicle, the National Highway Traffic Safety Administration provides five tips to remain as safe as possible.

Tags: NHTSA, sudden acceleration

February 4, 2010 - Industry News

Former Leasing Exec Sentenced to 5 Years for Embezzlement

The former president of American Leasing Corp., John "Jack" Manning was sentenced to five years in prison after pleading guilty in July to embezzling $6.2 million from the company.

Tags: American Leasing Corp., embezzlement, fraud

February 4, 2010 - Industry News

Study: Cell Phone Bans Don't Reduce Crashes

As more state legislatures across the U.S. enact laws that ban phoning and texting while driving, a new Highway Loss Data Institute study has found no reductions in crashes after hand-held phone bans take effect.

Tags: driver cell phone use, HLDI, IIHS, texting while driving

January 28, 2010 - Industry News

NAFA Requests a Restoration of the Federal Tax Credit for Biodiesel

NAFA is encouraging fleet professionals to write to their local senators in support of extending the tax credit for biodiesel, which expired Dec. 31, 2009.

Tags: biodiesel, NAFA, tax credit

January 28, 2010 - Industry News

EPA Tightens Nitrogen Dioxide Regulations

The U.S. Environmental Protection Agency (EPA) announced a new national air-quality standard for nitrogen dioxide (NO2), a pollutant that can be generated from vehicle emissions.

Tags: emissions regulation, EPA, vehicle emissions

January 28, 2010 - Industry News

Subaru Announces 2010 Build Out, 2011 Start up Dates

Subaru has announced that as a result of client input, the 2010 Forester model AFB-01 has been reinstated.

Tags: Subaru , Subaru Forester, vehicle orders

January 28, 2010 - Industry News

CARSTAR Offers Drivers Safe Driving Tips for the Winter Weather

In dangerous winter weather, Dan Bailey, president of CARSTAR Collision Centers suggests that drivers check their visibility, leave extra distance between their vehicle and the car ahead of the vehicle for added safety and use extra caution when driving on one-lane roads, bridges and overpasses, among other tips.

Tags: CARSTAR, driver safety, safe driving tips, winter driving

January 28, 2010 - Industry News

U.S. Transportation Bans Texting for Commercial Truck Drivers

Effective immediately, the Department of Transportation has banned texting by drivers of commercial vehicles in an effort to combat distracted driving.

Tags: Department of Transportation, distracted driving, texting ban, texting while driving

January 28, 2010 - Industry News

UPS Deploys 245 New 'Green' Trucks

UPS has deployed 245 compressed natural gas (CNG) vehicles throughout California and Colorado.

Tags: CNG vehicles, green fleet, UPS

January 28, 2010 - Industry News

Toyota Recall: What We Know as of Thursday

A separate recall was issued on Wednesday in regards to the potential risk for floor mat entrapment of accelerator pedals. Commercial and rental fleets as well as leasing companies are handling this problem in different ways at the moment. The prevailing wisdom is "inform, inform, inform."

Tags: accelerator pedal, recall, sales suspension, Toyota

January 28, 2010 - Industry News

Toyota Answers FAQs for Sticking Accelerator Pedal Recall and Suspension of Sales

Toyota addresses the concerns many consumers on the recent announcement of the sticking accelerator pedal recall and the suspension of sales, stating that all vehicles with the accelerator problem have been identified.

Tags: accelerator pedal, accidents, FAQ, recall, sales suspension, Toyota

January 28, 2010 - Industry News

Toyota Amends Recall on Potential Floor Mat Interference with Accelerator Pedal

Vehicles affected by the recall include 2008-2010 Highlander, 2009-2010 Corolla, 2009-2010 Venza, 2009-2010 Matrix and 2009-2010 Pontaic Vibe.

Tags: accelerator pedal, accidents, floor mat, recall, Toyota

January 21, 2010 - Industry News

Black Book: 23 of 24 Segments Decrease in Value

The decline in values this month reflect "better than normal December activity and value movement" and a more stable market, says Ricky Beggs, managing editor of Black Book.

Tags: Black Book, Ricky Beggs

January 21, 2010 - Industry News

Openlane: Don't Expect a "Typical" Wholesale Market this Year

The new-vehicle retail market is expected to grow in 2010, with trade-in volume at dealerships improving, but the used-car retail market is expected to remain flat this year.

Tags: OPENLANE, Pricing, wholesale market, wholesale used vehicle prices

January 21, 2010 - Industry News

Vermont Lawmakers Seeking to Crack Down on Idling Trucks

The House Natural Resources and Energy Committee is currently working on a bill that would prohibit big trucks from idling for more than five minutes.

Tags: green fleet, idling trucks, Vermont House Natural Resources and Energy Committ

January 21, 2010 - Industry News

Buick Announces Pricing for 2011 Regal

The premium Buick CXL model will start at $26,995, including at $750 destination charge.

Tags: Buick LaCrosse, Buick Regal, Pricing

January 21, 2010 - Industry News

ACEEE Names the 'Greenest' & 'Meanest' Vehicles for 2010

In its 13th year, the Green Book Online, produced by the American Council for Energy-Efficient Economy (ACEEE), has named Honda's natural gas-powered Civic GX as the "greenest vehicle" for 2010, while the Lamborghini Murcielago tops the "meanest vehicles" list.

Tags: ACEEE, Green Book Online, green fleet, greenest vehicles, meanest vehicles

January 20, 2010 - Industry News

Gap in Lease Residual Values Widens

The difference between contract residuals and actual used values for leased cars and trucks could hurt lessors, warned CNW's Art Spinella, who recalled when the industry had a $10 billion shortfall and drove lessors out of business.

Tags: actual used values, ALG, CNW Market Research, contractual values, lease residual values

January 20, 2010 - Industry News

smart USA Launches Leasing Through Daimler Financial Services

Under the terms of the new leasing program, well-qualified customers may lease a smart fortwo pure coupe for $169* a month on a 36-month, 10,000 miles-per-year lease.

Tags: Daimler Financial Services, leasing program, smart USA

January 19, 2010 - Industry News

Automakers Urge Caution in E15 Decision

WASHINGTON, D.C. --- A group comprising 13 vehicle, fuel and engine-related associations has urged government leaders to use extra caution in the upcoming decision on whether to permit the use of the E15 ethanol blend.

Tags: Alliance of Automobile Manufacturers, American Petroleum Institute , Association of International Automobile Manufactur, biofuels, E15, ethanol blends, Growth Energy

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Market Trends

Mike Antich
Morgan Stanley & Goldman Sachs Forecast $100-per-Barrel Oil in 2011

By Mike Antich
Goldman Sachs was the first to forecast a $100-plus-per-barrel crude oil price when the bank issued a research report last November, which called for a $110-per-barrel average price for West Texas Intermediate (WTI) crude in 2011. Morgan Stanley released a similar report in January and targets $95-per-barrel of WTI futures by December 2010, with an average price of $100 per barrel in 2011.

Fleets are Facing an Era of Higher Taxation

By Mike Antich
In 2009, of every $100 spent on fleet, $5 was consumed by taxes. This compares to $4.10 in 2006 and $3 in 1983. The recession has caused sales and property tax revenues to plummet creating widespread shortfalls in government budget funding. States and other governmental jurisdictions are scrambling to find new ways to generate new tax revenues. Again, commercial fleets are in their cross-hairs.

The State of Commercial Fleet Management in 2010

By Mike Antich

Fleet Predictions for the 2010 Calendar-Year

By Mike Antich

Auto Focus

Chris Brown
Toyota Recall: What We Know as of Thursday

By Chris Brown
A separate recall was issued on Wednesday in regards to the potential risk for floor mat entrapment of accelerator pedals. Commercial and rental fleets as well as leasing companies are handling this problem in different ways at the moment. The prevailing wisdom is "inform, inform, inform."

Car Rental No-show Fees: Are We Ready?

By Chris Brown
The hotel and airline industries offer parallels and a path to possible implementation.

How Can a Drop in Car Rental Revenues Be a Good Thing?

By Chris Brown

In honor of Thanksgiving, pre-printed rental agreements and one classic, funny movie.

By Chris Brown

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