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Wheels Inc.

In a wide-ranging interview, Dan Frank, newly appointed president of Wheels Inc., and CEO Jim Frank, discuss their strategic vision for the company and how they see the fleet industry changing in the next five years.

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Wheels Inc. Promotes Dan Frank to President

Wheels, Inc. has named Dan Frank president, which puts the fleet management company scion in charge of virtually all business units of the 75-year-old fleet leasing trailblazer.

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.

The Cost of Operating a Fleet Will Increase

It will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs will increase. Fuel prices, in all likelihood, will trend upward and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules. In addition, vehicle-related taxes will increase. Let's examine the dynamics that will force fleet expenses to escalate.

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.

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