Preventive Maintenance Producing Strong Results for Fleets, Study Says
Fleet managers, especially those with backgrounds in fleet maintenance, know the value of preventive maintenance (PM) – though it can be easy to deemphasize as more management responsibilities are being added. Fleets with managed PM policies and programs are gaining tangible, valuable results. PHH Arval has done a three-year study on PM that tracked fleets which accumulated millions of miles of driving, had about 130,000 repair transactions, and at least 20% trucks in their vehicle lineups. Here are some of the key findings…
Best CPO Value Awards Launched by Vincentric
Vincentric just kicked off its Best CPO Value in America awards, with Honda taking the Passenger Cars category, Lexus winning Luxury Brand, and GMC topping the Trucks segment; 36 models have been named as well, and the category awards have been named based on the makes that took the most awards for that segment. Vincentric […]
IHS Completing Acquisition of Polk and Carfax
IHS Inc. will be closing its acquisition of RL Polk & Co. faster than expected. The buyer has been granted early termination of the usual waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976; the acquisition is expected to close during the week of July 15 if the customer closing conditions are met. IHS […]
Kontos Forecast of Modest Price Softening Continues
Tom Kontos Executive Vice President & Chief Economist ADESA Analytical Services ADESA’s Wholesale Used Vehicle Prices by Vehicle Model Class saw prices in June average $9,516 – down 2.9% from May and 3.7% from June 2012. For the half-year market, prices are down 3.1% year-over-year. Consistent with Kontos’ forecast that prices will soften modestly through […]
Manheim Consulting Reports on Market Strength So Far this Year
Tom Webb Chief Economist Manheim Consulting After seeing five months of declines, wholesale prices increased in June from the previous month while being 3% lower than a year ago. For quarterly prices, the first quarter saw a decline of 0.8% and 2.1% in Q2. Manheim also reported in its study on the first half of […]
