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Fleets Reassess Amortization Rates

In the commercial fleet industry, the most common amortization rate used for establishing a depreciation reserve is 50 months. Recently, some major fleets extended amortization rates on new-vehicle orders.

Depreciation Up in Most Vehicle Segments

According to industry analysts, most vehicle segments increased in vehicle depreciation in 2009 due to such factors as extended replacement cycling, shifts in the wholesale vehicle market, and higher capitalized vehicle costs.

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.

Does LIBOR Still Correlate to Corporate Borrowing?

LIBOR was developed in 1984 as a measure of the real rate at which banks lend money to each other. Since the early 1990s, LIBOR has been used as a funding index for fleet leases. However, when the recent turmoil in the financial markets prompted governments to "backstop" bank borrowing, the cost of lending money began to represent a government-guaranteed rate, which no longer correlated to fleet lessor costs.

PHH Arval Launches Risk and Safety Program for Trucks

SPARKS, MD – Designed to cover the whole spectrum of risk and safety needs for commercial truck fleets, PHH's program identifies high risk drivers, provides targeted driver training, and efficiently manages the risk and costs of collisions that do happen.