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Resale Value

When looking ahead to the next 12 months, it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices will likely continue to trend upward, and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.

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Trucks Continue to Show Slow Depreciation

This week’s Black Book Market Insights report looks at the truck segments that are picking up less weekly depreciation compared with cars, signaling that summer is fast approaching.

7 Reasons Why Vehicle Condition Should Not be Part of an Employee's Annual Job Review

If an employee threw trash all over the office floor, scratched the paint off the walls, broke the light bulbs, left holes and dents in the wallboard, and skipped routine maintenance on the copier until it overheated and broke, no manager would tolerate this abuse. Yet, that is exactly what some companies tolerate when drivers abuse their company-provided vehicles.

Vehicle Abuse: An Overlooked Remarketing Cost

The resale value of a used vehicle is determined by three factors: the unit’s age, total mileage, and overall condition. A used company vehicle in poor condition, because of driver abuse or neglect, will result in lost resale value or incur unnecessary reconditioning expense at auction. Here's what you can do to minimize vehicle abuse.

Kelley Blue Book Announces 2013 Best Resale Value Awards

KBB’s Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide and look at current and forthcoming vehicles for their projected retained value throughout the initial five-year ownership period. The awards are by brand and by vehicle segment.

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