Fuel-Price Risk Management Program Extended
WEX, Inc. purchased instruments on February 20, 2014 to cover a portion of its anticipated domestic fuel-price-related earnings exposure for the first, second and third quarters of 2015.
The February purchase locked in a fuel price range of approximately $3.39 to $3.45 per gallon.
At this time, WEX has hedged approximately 60% of its first quarter 2015 exposure, 40% of its second quarter and 20% of its third quarter 2015 exposure.
Commercial Truck Center Opened by PHH Arval
PHH Arval, announced the opening of its commercial truck center in Virginia Beach. Commercial Truck Center of Virginia, LLC (“CTC of Virginia”), located at 740 S. Military Highway, is the company’s first in the country to focus on used light, medium and heavy-duty trucks.
“The Port of Norfolk and large military presence supports a number of independent freight and transport businesses that will find value in our inventory of used trucks,” said Tom Keilty, COO and senior vice president for PHH Arval.
The Bronze Award for Sales & Customer Service Goes to ARI
The eighth annual Stevie Awards for Sales & Customer Service were presented to honorees during a gala banquet on Friday, February 21 at the Bellagio in Las Vegas. ARI received a bronze award in the Customer Service Training Team of the Year Category.
“I am very proud of our training team, who genuinely deserve this recognition,” said ARI Vice President of Call Center Operations, Ted Davis. “The success of our call center training program is due in no small part to the hard work, dedication and willingness of our team to share their knowledge and expertise with our new technicians, which has helped to elevate the performance of our call centers to industry-leading levels. I want to congratulate every member of the team for their outstanding efforts.”
Tablets Open Up Dealer Mobility
Dealers have broken the chains tying them to their desks, and mobile and web applications help them maximize their ability to do more business.
Edmunds Q4 2013 Report Forecasts 2014 Used Car Market Trends
Edmunds.com Analytics and Pricing Department Used Market Quarterly Report – Q4 2013 Calendar year 2013 saw a 5% drop in used vehicle sales volume, and a 9.3% decrease in Q4 compared to Q4 2012. Prices were up 0.7% from Q3 2013 and down 0.5% year-over-year. While declining, used prices remain elevated over past norms. As […]
