Lease Residuals Trail Actual Prices
With leasing continuing to gain momentum, CNW Research compared the contract residual value projection with the likely actual value at the end of term.
CNW firm analysts found that last month’s industry average settled at 85.88 percent — a figure representing the difference between the actual contract and the eventual actual sale price. That average has been on a steady rise since the beginning of the year when CNW pegged it at 84.65 percent back in January.
Of the six automakers included in the latest report, three brands had their level come in above the average mark, and three other badges settle below it.
READ MORE about the findings
The Fastest (And Slowest) States For Auto Repair
Having your car repaired after an accident is never fun, but some of the pain can be alleviated by an efficient garage offering speedy service. Believe it or not, such places do exist, and new data from Enterprise shows where to find them.
Enterprise's data comes from its Automated Rental Management System (ARMS). That's a software solution designed by Enterprise to facilitate communication between garages, customers, insurance companies, and Enterprise, "enabling shops to send electronic rental reservations, vehicle status updates and automated text or email customer notifications".
READ MORE to find out how each state fares.
5 Free Apps to Save You Money on Gas
Whether you're planning the road trip of the century or just trying to get to work this summer, gas prices are likely on your mind. Your smartphone can be a powerful tool in your quest to find the cheapest way to fill up your tank and make those precious gallons last.
Set Up Real-Time GPS Tracking Alerts Correctly
GPS tracking solutions give you access to such a large amount of fleet data, it can be enticing to set up too many real-time alerts in the attempt to obtain as much information as possible. Although you have access to an abundance of data, it is not necessary to view it all in real-time. You may be asking yourself, “What’s necessary to know in real-time and what isn’t?” The answer is that you should only be receiving alerts for exceptions that occur that require immediate correction or action. GPS Insight allows you to customize very specific alerts to be sent, and when they are sent, so that you only receive important and time-sensitive information via alerts.
NAFA IFA: A Game Changing Experience
The NAFA International Fleet Academy (IFA) slated for November 5-7, 2014 in Orlando lifts the art of managing an international fleet to a higher plane. Experts from around the globe will share their real-world experiences to teach the fleet professional how to most efficiently and cost-effectively guide their global fleet to excellence.
This is what NAFA CEO Phillip E. Russo, CAE, said following last year’s IFA, “We delivered a game-changing experience. The key to our success was in designing the event around fleet managers. Our concept was simple: gather many of the brightest minds in global fleet management and let them tell their own stories; what went right, what went wrong, what to anticipate, and what to avoid. The fleet managers in attendance told me they came expecting to learn, but they left with more than just knowledge. They left with real-life solutions, ideas that really work, and contacts that will prove invaluable. There’s nothing better than learning from colleagues in your industry that you trust!”
Janice Sutton
Executive Editor
