Honda and Acura Again Take Edmund’s Retained Value Awards
Honda and Acura each won the top prize in Edmunds’ Best Retained Value Awards – with each winning for the third time since the awards were launched in 2011. Honda’s non-luxury vehicle award is based on a projected 50.1% residual value after five years, and Acura’s luxury award is based on a 45.4% residual after that same time period. It’s based on average “cash” True Market Value (TMV) pricing during a vehicle’s first five months in the market.
Necessary Adjustment Increases, Consistency in Change
Comments made about dealers starting an adjustment and being selective, along with buyers being cautious, came in Black Book survey personnel reports.
Drowsy Driving: A Wake Up Call for Fleets
Mike Sheldrick writes in the article Fatal Crash Focuses National Attention on Drowsy Driving, “The recent injury to Tracy Morgan and the death of Jimmy Mack, a fellow passenger, after a collision on the NJ Turnpike has focused national attention on the problem of drowsy driving. About time.” The driver of the vehicle causing the crash had gone without sleep for 24 hours before the crash.
Ironically, several days before the crash, led by Susan Collins, R-ME, the Senate Appropriations Committee voted to rollback a DOT regulation that requires truck drivers to take at least 34 hours off after working 60 hours in seven consecutive days, or 70 hours in eight days.
Sheldrick says, "To be sure, falling asleep at the wheel is the extreme, but there is a broad spectrum, from 'brain fog' to actually falling asleep. It is impaired driving, along with distracted driving."
Clearly, this is a subject of vital importance to fleet safety. Don’t miss Sheldrick’s incisive article appearing this week in Fleet Safety.
Janice Sutton
Executive Editor
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Fatal Crash Focuses National Attention on Drowsy Driving
AAA: One in six fatal traffic accidents result from drowsy driving
By Mike Sheldrick
The recent injury to comedian Tracy Morgan and the death of Jimmy Mack, a fellow passenger, after a collision on the NJ Turnpike has focused national attention on the problem of drowsy driving. About time.
The incident on June 9 involved Kevin Roper, a Walmart driver, who NJ state police said, had gone without sleep for 24 hours before he hit the star’s limousine. Walmart said in a statement that the truck’s driver was in compliance with federal hours-of service requirements. “Federal law requires drivers to work no more than 14 hours for any shift and 11 hours of driving.” NJ police charged the Walmart driver with vehicular homicide under a law that prohibits driving after 24 hours without sleep.
READ MORE to learn the high stakes fleets have in this vital issue.
