GE Capital Fleet Services Saves Customers $191M in First Half of Year

GE Capital Fleet Services achieved $191 million in identified customer cost savings for the first half of 2013. Overall, through analyzing customer fleet data for savings and increased productivity, GE Capital has identified more than $1.6 billion in potential savings opportunities for customers since 2008. For the first half of this year, program enhancements were identified as the leading source for cost savings. For the first half of this year, the largest areas of cost savings identified by GE Capital Fleet Services include....

 

5 Tips to Avoid the Most Common Type of Collision

Drivers think differently about the highest risk cause of collisions than does the auto insurance industry. Driving fast on a dark road and running a red light are risky, but the most common source of collisions in auto claims happens while drivers are backing up, according to the National Non-Profit Risk Management Center. So how can you reduce risks when backing up? Wayne Smolda, CEO and Founder of The CEI Group, recommends a few tactics...

 

Annual Used Light Duty Vehicle Sales: June 2013 YTD

  • Used vehicle sales bottomed-out at 17.4 million units sold for the year in 2009
  • Sales volume has jumped by 2.8 million units – an outstanding 16% surge
  • If history is any indication of what lies ahead, it should be no surprise to see used car market’s continued expansion through remainder of year
 

The Best of This Week’s Used Car Market Reports

For the new edition of Used Car Market Reports, market metrics were analyzed by remarketing experts Art Spinella, Ricky Beggs, and Jonathan Banks.

  • Spinella offered numbers on a very interesting trend – how certified pre-owned vehicles are influencing car buying decisions and what it means for new vehicle sales.
  • Beggs says that while summer usually sees softening of prices on a seasonal level, recent activity within auction lanes indicates a better than expected market.
  • Banks says that June was a terrific month for new and used vehicle sales. The used vehicle price drop was higher in May than June, showing a stabilizing market.

Read all about key trends from this week’s used vehicle market.

 

CEI’s Million Dollar Quality Control Team

CEI did something entirely different at NAFA I&E this year. Their very popular booth sported a typical fleet car, but with the outer panels of half of it cut away to show hidden - and very costly - damage from an accident. Ken talks about how the CEI quality control team saves its clients millions of dollars annually by expertly managing every step, from collision repair to subrogation.