Manufacturers, dealerships, and work truck marketplaces have to come together to better track and communicate the available work truck inventory.
While not a new idea, a sale and lease back transaction — where the owner of an asset sells the asset and then leases it back from the buyer — might make sense for some fleets today.
One challenge for fleet managers interacting with procurement professionals is understanding the nuances of procurement terminology. Many fleet managers believe the term “procurement” is synonymous with the term “sourcing,” but there are important distinctions between the two functions.
More fleets are looking more closely at all their options, from outright ownership to finance leasing to full-service leasing, even opting to own some trucks while leasing others.
The U.S. Internal Revenue Code, Section 179 (commonly referred to as IRC-179) allows businesses to expense up to $500,000 in the tax year 2017 for certain capital expenditures, including commercial work trucks.
Members of the Truck Renting and Leasing Association (TRALA) purchased 29% of all Class 2-7 commercial trucks in the U.S. and purchased more than 23% of all Class 8 tractors in 2016, according to a new industry survey.
Sales of vehicles to commercial fleets from nine automakers increased 5.6% to 49,464 in July with truck-based vehicles outpacing passenger cars, according to Automotive Fleet data.
Three federal agencies on Monday dropped the 54.5 mpg corporate fuel economy target for 2025, which would ease the burden on car and truck manufacturers to produce a vehicle mix that reaches that level.
Fleet management is a complex job; it requires a little forward thinking, a little anticipation, and maybe a crystal ball to help you see the future.
Sales of vehicles from nine manufacturers to commercial fleets increased 4.6% to 47,987 vehicles for the month of November with solid growth in car sales and steady truck sales.
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