The State of the Wholesale Used-Vehicle Market
With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
This special report over five articles provides an in-depth examination of 2021 operating cost trends for fuel spend, scheduled/unscheduled maintenance, replacement tire prices, PM spend, warranty recovery, and a forecast of CY2022 expenses.
Financial services company Athene Holding has closed a transaction making it the lead investor in a combination of Wheels Inc., and Donlen.
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
Penske Truck Leasing has constructed a new facility in Fort Worth, Texas, the third full-service company location in the Fort Worth area.
The enhancements will streamline the user experience, and the tech is built for the future needs of fleet professionals.
The new company will be called H19 Sutton Leasing and will be added to the H19 group of companies which includes the Indianapolis-based H19 Capital, which Hilco acquired in 2020 and specializes in truck leasing.
PacLease has partnered with Multi Service Fuel Card for its co-branded fuel card, called PacFuel.
Hertz received $891 million in cash for the sale of the fleet management company.
The app features a completely redesigned user interface built on a new, more flexible platform, and is designed to empower drivers to be more productive, freeing up time spent managing tasks and vehicle-related deadlines.
Merchants is working with BrightDrop to procure 12,600 BrightDrop EV600s, an all-new, electric light commercial vehicle purpose-built for the delivery of goods and services over long ranges.
Ryder is expanding its truck-and-trailer sharing platform to three new markets: California, Tennessee, and North Carolina.
Wheels Inc, and GM's OnStar Business Solutions announced they are working together to enable their mutual fleet customers to access a wide array of vehicle information utilizing the OnStar embedded hardware available across most of GM’s vehicle lineup.
Merchants Fleet has launched an innovative new vehicle electrification initiative, Electrify Fleet, which seeks to deploy new EVs in the commercial market, including through the introduction of the Lordstown Endurance all-electric commercial pickup truck for its clients.
Merchants Fleet hosted its inaugural fleet summit this week at the fleet management company's Hooksett, N.H. headquarters for its clients, employees, and business partners.
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