Black Book Carefully Watching Gasoline-to-Small-Used-Car Price Ratio
Ricky Beggs wants to know: Are lower gasoline prices causing smaller used cars to see a big price drop?
During the summer and into the early fall, Ricky Beggs, Editorial Director at Black Book, was noticing that the typical gas-price-to-small-car used vehicle value ratio was off kilter. Now it’s looking to fall in line with more typical remarketing patterns.
Black Book just reported that Entry-Level Cars have depreciated -16.6% over the past year, and Entry Mid-Size Cars have dropped -16.9% during that same time. These have been the largest change levels of all car and truck segments.
As for gas prices over the past year, they’ve dropped from a high of $3.78 on February 25 to a current level of about $3.29.
There are some big questions to be answered..... Read all about it……
How to Make Data from GPS Tracking Work for your Fleet
Data analytics can be both a blessing and a curse for fleet managers; organizing the right reports with the best data and metrics for that fleet can deliver solutions. Purchasing GPS tracking can add to the sensory overload unless it’s simplified. GPS Insight is presenting a webinar on December 12th to address these issues. READ MORE
Ethanol’s Share of US Gasoline
- The US Environmental Protection Agency decided to cap the amount of corn ethanol that reduces it from the volume set by Energy Independent and Security Act of 2007
- The EPA and ethanol producers wanted it to go up to 15% of gasoline sold in the US, but it’s staying at 10%
- Ethanol’s share of gasoline has gone up from about 3% in 2004 to 10% now
IFA Simplifies Global
NAFA’s International Fleet Academy addresses differences like currency exchange rates, kilos versus gallons, and CO2 emission requirements.
What’s Really Important to Fleet Managers
Safety, technology, professional development, and cost cutting are still very important to fleet managers and will again be the topics explored at 2014 I&E.
