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By Janice Sutton, Editor in Chief
Ted Roberts and I are delighted to announce that Dave Bean, formerly Associate Editor at Fleet Management Weekly, has been promoted to FMW’s newly created position of Content Editor.
Bringing with him an extensive background in the automotive market, Dave joined FMW in February 2022.
Ted Roberts said, “Not only is Dave smart, creative and an incredibly quick study, he’s also a breath of fresh air. This is a well-earned promotion.”
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Work Truck Solutions has released its 2023 Annual Commercial Vehicle Market Analysis. Amid the dramatic shifts in inventory numbers, one element of the commentary has remained consistent: business owners continue to need and purchase commercial vehicles no matter the circumstances around them.
On-lot per dealer work truck inventory continued to grow, up 20.0% QoQ and a whopping 87.4% YoY, with Medium-Duty vehicles making up over half of the on-lot mix.
Work trucks and vans also carried higher price tags than last year, and total sales of new commercial vehicles increased significantly.
–via Globe Newswire
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Following a downward trend that began in the second half of the year, 2023 ended with the Manheim Used Vehicle Value Index down 0.5% in December from November.
The Manheim Used Vehicle Value Index (MUVVI) dropped to 204.0, down 7.0% from the previous year, a larger decline than originally expected. Compared to the index peak in December 2021, used-vehicle values are down nearly 21%.
“We ended 2023 with about half of the used-vehicle value decline we saw in 2022, but still more than we’d see in a typical year,” said Cox Automotive Chief Economist Jonathan Smoke.
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The leading consignors trade group and the producer of the annual Conference of Automotive Remarketing (CAR) align to bolster event offerings and better serve the remarketing industry.
The agreement between the International Automotive Remarketers Alliance (IARA) and Bobit Media, which owns and runs CAR, deepens the connection between the two organizations and reaffirms their mutual commitment to the remarketing industry.
It strengthens CAR by allowing them more time and flexibility to collaborate strategically on planning and growth.
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The Benefits of Rental Vans
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By Tanner Lee, Copywriter, Kingbee Vans
In the last four months, Kingbee has provided over 400 vans to Amazon DSPs throughout the West Coast. Amazon loves us—they are long familiar with the rental model. Kingbee is a trusted partner of Amazon.
If you’re starting a DSP, renewing your contracts, or need vans for the peak season, Kingbee keeps everything running smoothly. In less than 7 days, we will prepare and ship the vehicles to your location.
Unlike your favorite pair of boxer briefs, Kingbee vans are brand new, and the contracts are short-term and flexible. We help DSPs quickly replace their aging units with brand new vehicles.
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By Kevin Fitzpatrick, Vice President of North America Operations, Opus IVS
With more EVs on the road today, and those vehicles now beginning to show up in Aftermarket shops, this shift in the automotive landscape signals a new era of challenges and opportunities for the industry.
It’s imperative to explore the factors driving these cost differentials to understand how automakers may adapt to improve repairability, ultimately making the EV repair shop experience more cost-effective for consumers.
As EVs continue to gain popularity across many OEMs, especially with the Tesla Cybertruck making headlines, it is crucial for automakers to recognize the evolving dynamics of the collision repair landscape.
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By Dave Bean, Content Editor, FMW
The National Safety Council (NSC) has responded to a massive training inequity for those who drive fleet vehicles by introducing an online curriculum, designed specifically for those whose employment has them behind-the-wheel as part of their jobs.
“Many assume fleet drivers are well-trained, but unfortunately, that’s not always the case,” said Mark Chung, executive vice president of roadway practice at NSC.
The NSC believes its new online training program, Fleet Essentials, might be just the elixir that all employee drivers need to ensure they have the knowledge and skills to, literally, survive the workday. The program is comprised of numerous online-based modules.
When tallying work-related fatalities every year, the main culprit is traffic accidents. Over 2000 people lost their lives in work-related vehicle crashes in 2022, according to data compiled by the U.S. Bureau of Labor Statistics. That figure represents nearly 40% of all deaths that can be attributed to occurring on-the-job.
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