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Recession

Short-Sighted Management: What Not to Do in a Recession

I am dismayed at the number of fleet managers who have lost their jobs due to corporate cutbacks. Similarly, I am amazed at the short-sightedness of today's senior management making these decisions without regard to the implications of lesser-qualified individuals managing one of their largest asset classes. I predict that companies that downgrade the expertise of their in-house management will be on the wrong side of history and will be the poster children of what not to do in a recession.

The Dangers of Extending Replacement Cycles

Vehicle replacement policy is one of the most critical aspects of fleet management. Nearly all fleet-related expenses, both fixed and operating, are influenced by when a vehicle is replaced. In a recessionary economy, senior management demands expense reductions and there is pressure to defer vehicle replacements. However, such a policy change could actually prove to be counterproductive to the intended goal.

9 Mistakes to Avoid When Playing "Musical Cars"

Since the recession's start at the beginning of 2008, 4.4 million jobs have been lost due to corporate downsizings and layoffs. Many terminated employees were assigned company vehicles. In today's politically correct HR environment, the term "reverse expansion" is being used to describe the retrieval and reassignment of company-provided vehicles from terminated employees. A fleet manager suddenly thrust into a reverse expansion will find it very easy to make mistakes.

A Tough Time to Operate a Fleet

Twenty-five years ago, there was a utopian vision of what fleet management would be like in the 21st century. However, this new century has been far from utopian. Its reality is more like a maelstrom. In eight short years, fleet managers have been buffeted by one major crisis after another, most of them unprecedented and severe. The first decade of the 21st century is shaping up to be one of the most tumultuous in the history of fleet management.

The Credit Crisis Impact on Fleet? Look to 1973 for Clues

Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.

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