Fleet Logistics Expands into Turkey
Fleet Logistics, Europe’s largest independent fleet management provider, has continued its expansion across mainland Europe and the Near East with the opening of new fleet management operations in Turkey to service new and existing fleet customers.
“The opening of our first operations in Turkey puts more pieces in the Fleet Logistics’ jigsaw of mainland Europe and the Near East. In Turkey, we see another example of us working with the existing TÜV SÜD network and infrastructure in the country so that we are completely integrated within the operations of the parent company," said Fleet Logistics Chief Executive Officer, Rainer Laber.
READ MORE about the expansion.
June Used Vehicle Depreciation More Than Doubles
According to Black Book data, the average price of a used vehicle for model years 2009-2013 overall saw larger depreciation in June compared with the previous two months, signaling typical summertime patterns. Average segment prices saw -1.0% depreciation in June compared with May levels of -0.4%.
“The annual depreciation patterns typically see larger value changes in the second half of each year, and we’ve seen this begin to pick up the pace over the last 45-60 days,” said Ricky Beggs, Editorial Director at Black Book. “We will keep a watchful eye on how gas prices and the new model year impact this pace of depreciation as we head through the summer months.”
READ MORE to learn which segments changed.
Small SUVs Claim Larger Slice of Market
Combined sales of compact and subcompact SUVs have nearly doubled since 2008, from 10 percent to 18 percent of the U.S. market, according to AutoTrader.com. Analysts predict the market will grow for at least the next few years, as young, affluent buyers are drawn to likes of the Ford Escape, Chevrolet Equinox and the even smaller Buick Encore.
“Sales of crossovers of all sorts have been growing significantly in recent years, but the growth in sales of smaller crossovers and SUVs has been nothing short of phenomenal,” Michelle Krebs, senior analyst for AutoTrader.com, said in a statement. “It’s easy to see why, with the segment being so versatile to meet the needs of a wide variety of car buyers. They can carry people, serve as a substitute truck or haul bigger cargo while still driving like a car.”
FLD Unveils New Website
FLD, Inc., one of the largest privately-held automobile remarketing companies nationwide for more than 35 years, has launched a newer, more user-friendly version of its website, www.fldinc.com aimed at promoting user engagement with enhanced functionality and design.
“We have successfully been able to tap into a much more advanced way to showcase all aspects of our company,” said Gary Mott, vice president of FLD. “FLD strives to be the leader in remarketing technology, so we wanted to be sure that our core business values and vision would be reflected in this new website.”
READ MORE about the new website.
SF Bay Area Governments Receive Fleet of Plug-in Cars
A government fleet of 90 electric vehicles is rolling onto Bay Area streets from San Jose to Santa Rosa, completing a $5 million regional initiative that took four years to get off the ground.
The plug-in sedans and vans will carry building inspectors, health workers, park maintenance crews and other municipal employees working for 10 local agencies.
Alameda County is leading the way with 26 new vehicles, doubling its electric fleet. An additional 27 battery-powered vehicles are being delivered to Sonoma County and its water agency, 14 to San Francisco and 10 to the city of Concord.
