Fleet Trends & Issues
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There tends to be two types of car owners in this world, those who want their cars to run as long as they can, and those who anticipate switching cars every 2–5 years and care less about seeing the odometer hit six figures.
“Many of today’s car owners like to see how far they can take their cars, whether it be for financial reasons or based on principle,” Phong Ly, co-founder and CEO of iSeeCars.com said. “And, unlike many cars from the 20th century, there are a variety of vehicles built these days that are made to – and will – go the distance.”
iSeeCars.com decided to see which cars are standing the test of time by doing an analysis of 30 million cars for sale. The study did have some surprising results for long-lasting makes and models.
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Navigating while driving and other smart phone uses not prohibited by law
A California Appellate court overturned a traffic ticket issued to driver using his smartphone to find an alternate route. According to the ruling, the California law narrowly prohibited the use of the phone for talking and texting, but not merely consulting the device. Like other states, California only permits hand free use of phones.
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The eighth annual Stevie Awards for Sales & Customer Service were presented to honorees during a gala banquet on Friday, February 21 at the Bellagio in Las Vegas. ARI received a bronze award in the Customer Service Training Team of the Year Category.
“I am very proud of our training team, who genuinely deserve this recognition,” said ARI Vice President of Call Center Operations, Ted Davis. “The success of our call center training program is due in no small part to the hard work, dedication and willingness of our team to share their knowledge and expertise with our new technicians, which has helped to elevate the performance of our call centers to industry-leading levels. I want to congratulate every member of the team for their outstanding efforts.”
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WEX, Inc. purchased instruments on February 20, 2014 to cover a portion of its anticipated domestic fuel-price-related earnings exposure for the first, second and third quarters of 2015.
The February purchase locked in a fuel price range of approximately $3.39 to $3.45 per gallon.
At this time, WEX has hedged approximately 60% of its first quarter 2015 exposure, 40% of its second quarter and 20% of its third quarter 2015 exposure.
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In 2010, the world’s leading eyewear company, Luxottica, chose Arval when it switched from company-owned fleets in each country to a global, full-service leasing car policy. The decision quickly proved its merit by yielding benefits that included reduced fleet costs to greater management control in little more than a year after it was implemented.
Mobility is a vital part of Luxottica’s business, both for its managers, as well as its sales and marketing staff, who work with a vast network of retail outlets. Luxottica is the world’s largest eyewear manufacturer. Until 2010, Luxottica’s subsidiaries purchased their own fleet vehicles, with managers able to choose any brand up to a maximum list price.
Then, Luxottica turned to international full-service leasing with Arval.
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Alternative Clean Transportation
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Learn how alternative fuels can lower your fuel costs 20% to 50%! Reserve your spot now to gain the insight and connections needed to create your clean fleet plan.
As petroleum fuel prices surge, fleet registrations for the 2014 Alternative Clean Transportation (ACT) Expo are pouring in. If you are looking for ways to lower your fleet’s fuel costs, you will want to be in Long Beach, California, May 5–8 at North America’s largest clean fleet show to learn from leading public and private fleet operators how to reduce fuel costs and emissions using alternative fuels—including electric, hybrid, hydrogen, natural gas, propane autogas, and renewable fuels.
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NADA Used Car Guide’s latest “Perspective” special report digs into what’s been happening lately with passenger car retention. Subcompact cars have depreciated the least of any mainstream segment during the review period, earning an overall retention score of 54.4%. The Honda Fit had an average retention rating of 62.7%, followed by the Scion xB, and the Kia Soul, which averaged 60.6% and 60.1%, respectively.
Here’s NADA Retention Review: Passenger Cars
Subaru Impreza Had Highest Retention of Any Vehicle at 63.5%:
Subaru and Lexus each won top spots on two of the vehicle segment categories.
Lexus IS Took Luxury Car Segment at 57.8% Retention:
Followed by BMW 5 Series at 54.5%, and Audi A4 at 54.3%.
In Hybrid Category, Lexus CT Led at 62.4% and Toyota Prius Followed at 54.3%:
Buyers trust Toyota’s hybrid technology – it’s no surprise to see two of their cars at top.
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