Off-Lease Cars: What Are the Best Deals?
As an influx of off-lease vehicles is expected to enter the market this summer, a new study by car search engine iSeeCars.com reveals which 3-year-old used cars depreciate the most to present the best deals for consumers.
While the average vehicle depreciates 39.1 percent after the average car lease term of three years, the highest-depreciating vehicles lose more than half of their value, resulting in significant savings for consumers opting to buy a 3-year-old vehicle instead of a new one.
“Three years is a popular age for used car buyers because the cars have taken a major depreciation hit, but likely have many of the latest modern safety and technology features,” said iSeeCars CEO Phong Ly. “ Some of these bargains provide good opportunities for car shoppers as reliable vehicles that are discounted because they simply aren’t as popular in their vehicle segments.”
Read the article at iSeeCars.
Biden to tell U.S. Agencies to Review Fuel Efficiency Standards, Overturning Trump
President Joe Biden signed an executive order directing agency heads to review dozens of Trump-era rules that would affect public health and the environment - including fuel economy standards that impact all global automakers selling vehicles in the United States.
Biden is likely to roll back changes made under Trump and institute more stringent fuel economy standards akin to the Obama standard. The new president is expected to be more proactive toward realizing the all-electric future envisioned by major automakers, saying that he wants to see 500,000 charging stations installed to support the transition to EVs.
The administration also is likely to drop the Trump administration's rule arguing that California can't set its own greenhouse gas and mileage standards.
Read the article at The Detroit News.
6 Habits of the Most Innovative People
Forward-thinking individuals have a number of things in common. They build a successful product or company, reap their rewards, and then struggle to do so again. The reality is, most people struggle to be innovative more than once.
There are things all great innovators share in common that keep them motivated, engaged, and passionate about continuously pushing the creative boundaries of what the rest of the world deems “possible.”
One of the great qualities of an innovative thinker is someone who is curious, open-minded, and willing to think outside of normal paradigms. Where most people find comfort in uniformity, innovators tend to reject it. They want to stretch beyond what is comfortable—so much so that it ends up making a lot of other people feel a bit uncomfortable in the process.
Read the article at Fast Company.
Safer Braking Technology Can Help Protect Your Fleet
Even before COVID-19, many drivers were already selfish and self-absorbed, and it’s only gotten worse. It’s good to know that safer braking technology from Pulse can help to keep your fleet more protected.
Want to Make Your Case for Motor Pool? Here’s How
By Ed Smith, President, Agile Fleet
If you are reading this you probably already know that your organization can save tens of thousands – even hundreds of thousands of dollars -- by sharing vehicles, reducing unneeded vehicles, and automating fleet management processes.
You know that by automating things like vehicle reservations, dispatching, and billing and reporting, your organization can experience incredible time savings (for fleet managers) and convenience (for users of the fleet.) We’ve seen our customers do all these and more.
And in a COVID-19 environment, it’s even more crucial to reduce costs. Budgets are getting cut everywhere. The single most effective way to reduce fleet costs is to reduce unneeded vehicles and share them efficiently.
