THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
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Forecast

Over the past several decades, the purchasing managers of yesteryear reinvented themselves into procurement professionals whose function is now viewed as a strategic asset that provides a competitive advantage to a corporation. Can fleet management, likewise, elevate its perceived value to a corporation, especially in the eyes of its senior management? I say yes, and the timing is right to do so.

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Forecast Is for Fuel Prices to Remain Low for the Foreseeable Future -- Maybe Longer

Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.

NTEA Releases 2017 Fleet Purchasing Outlook

Two of every five vocational truck fleet managers plan to increase their vehicle count in 2017 and more than half now use telematics, according to the NTEA's 2017 Fleet Purchasing Outlook.

Used Pickup Sales Weakening

A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.

GM Replacing 88% of Lineup By 2020

General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on cars with consumer demand shifting toward SUVs and trucks, according to a Bank of America Merrill Lynch analyst.

Class 3-6 Truck Forecast: Operating Costs Stable

Although the largest operating cost continues to be fuel, the No. 1 challenge facing medium-duty truck fleets is cost containment. There is always pressure to reduce costs, but management is exerting even more pressure than in recent years.