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Business Fleet – Market Trends

Odometer Rollbacks Increase 57 Percent from 2004-2008

January 26, 2009

Digital odometer fraud is growing at an alarming rate, according to new research from Carfax. The research data reveals the number of vehicles with rolled-back odometers has increased 57 percent nationwide over the past four years. According to NHTSA, more than 450,000 cases of odometer rollbacks are reported annually. However, the total number of odometer tampering incidents (including those not caught) is estimated to be substantially higher.

Tags: Carfax

Author: Mike Antich | Posted @ Monday, January 26, 2009 11:40 AM | » Comments(2)

Trucks are Earning Assets: How to Make Them More Productive

January 20, 2009

Fleet managers need to view work trucks as earning assets. To maximize truck productivity, it is necessary to optimize specifications, operating procedures, and replacement strategies. When spec’ing vehicles, past history is important, but one outcome to using last model-year specs is repeating past inefficiencies. Fleet managers need to adopt a “clean sheet” approach to how they manage their truck fleets.

Tags: productivity, Spec'ing, truck fleet, work trucks

Author: Mike Antich | Posted @ Tuesday, January 20, 2009 9:50 AM | » Comments(3)

How Long Will the Slump in Used-Vehicle Values Last?

January 13, 2009

We are currently in the midst of the worst used-vehicle market in the past 25 years. Year-over-year prices declined every month in 2008; however, wholesale prices did improve the first 10 days of January. Despite this, many fleets now find that the depreciation rates established 24-36 months ago are insufficient for today's resale market. In many cases, resale values of fleet vehicles are significantly below the remaining book value. Here's a forecast for what lies ahead in the wholesale market.

Tags: resale value, used vehicles, wholesale market, vehicle sales, used vehicle sales

Author: Mike Antich | Posted @ Tuesday, January 13, 2009 9:41 AM | » Comments(1)

Predictions for Fleet in 2009

January 6, 2009

When looking ahead to the next 12 months, I foresee reduced operating costs for fleets offset by increased depreciation expense caused by anemic resale values and decreased incentive monies. Here’s why I believe this will be the case, along with other predictions for 2009.

Tags: operating costs, depreciation, fuel, resale value, Forecast

Author: Mike Antich | Posted @ Tuesday, January 6, 2009 10:45 AM | » Comments(4)

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AUTHOR BIO

Mike Antich

Editor and Associate Publisher

Mike Antich has been covering the fleet management and vehicle remarketing markets for more than 20 years. During this period, Mike has written or edited more than 4,600 articles on the subjects of fleet management, manufacturer fleet activities, the fleet leasing industry, and vehicle remarketing. He was inducted in the Fleet Hall of Fame in 2010.

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