MANAGING 10-50 COMPANY VEHICLES
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Increased fleet orders for trucks and vans created backlogs at upfitter facilities, increasing lead times and missed ship-thrus. A shortage of rail autorack carriers further delayed deliveries. Despite this, order-to-delivery for most units was similar to 2017.

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Three Fleet Remarketing Trends

More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.

Car OTD Times Static, Truck OTD Improves

While OTD remained relatively static overall, year-over-year, delivery times were still above the industry average benchmark of 60 days. Quality holds and recalls impacted some high-volume fleet models.

100-Plus Most Important Events in Fleet

As John F. Kennedy once said, “History is a relentless master. It has no present, only the past rushing into the future. To try to hold fast is to be swept aside.”

Fleet MY-2012 Order-to-Delivery Times Improve Slightly

Key factors causing OTD delays were increased vehicle volumes due to continued auto industry sales growth, lengthy quality holds, parts shortages, ongoing railcar shortages, recalls, plant changes, and weather-related issues.

Operating Costs Remain Flat in Calendar-Year 2010

Stable fuel prices were the primary reason fleet costs remained flat. Also, national accounts did not increase prices for oil changes and replacement tires. Maintenance costs were up for fleets that extended vehicle cycling.

Global Economic Recession Cuts Fleet Operating Costs

Fuel costs, the largest fleet operating expense, declined dramatically in the 2009 calendar-year due to a sharp decline in worldwide consumption. Also, many fleets have downsized, which contributed to a lower overall fuel spend.

2009 Order-to-Delivery Times Battered on Multiple Fronts

OTD was affected by plant closures due to Chapter 11 reorganizations by GM and Chrysler, an economic downturn that decreased fleet and retail sales, and shipping delays caused by less-than-full loads for railcars and transporters.

Does LIBOR Still Correlate to Corporate Borrowing?

LIBOR was developed in 1984 as a measure of the real rate at which banks lend money to each other. Since the early 1990s, LIBOR has been used as a funding index for fleet leases. However, when the recent turmoil in the financial markets prompted governments to "backstop" bank borrowing, the cost of lending money began to represent a government-guaranteed rate, which no longer correlated to fleet lessor costs.