FLD Buying, Selling and Harnessing Strong Remarketing Sentiment
Giving Customers an Offer in Hours. Paying them in a day. Leaving Them Free To Move On.
By Bill Bishop, Senior Vice President, FLD
Earlier this year, many of us who follow the wholesale used truck market were cautiously optimistic that 2020 would finally be the breakout year the industry has been looking for. In fact, I said as much - with a caveat for Covid - in FLD’s first quarter White Metal Market Report, a comprehensive market update we send to clients.
My how quickly things have changed.
In a few short months, the world has turned upside down, and companies everywhere are scrambling to survive in a challenging new world.
NAFA Announces 2020 Institute & Expo Is Going Virtual
NAFA Fleet Management Association (NAFA) announces its 2020 Institute & Expo will be delivered as a premium interactive virtual experience, presented online from September 14-17.
“We believe that moving to a virtual event will enable attendees to take advantage of NAFA’s education and insights safely and securely,” says NAFA CEO Bill Schankel, CAE.
“Given the unique circumstances of the times, NAFA affirms our commitment to providing best practice focused instruction while staying mindful of the safety and wellbeing of our attendees, exhibitors and all participants from the coronavirus.”
Work Truck Solutions Provides Members of the National Truck and Equipment Association (NTEA) with Free Services
Body and Equipment Manufacturer and Distributor Members get free access to Work Truck Solutions tools for 2020
For the rest of 2020, body and equipment manufacturers and distributors that are active members of the NTEA can get free services from Work Truck Solutions to aid with expanding their digital footprint, bring more visibility to their companies and get advanced reporting tools.
NTEA members can expand reach and sophistication via their own websites with Work Truck Solutions Inventory Locator. “It allows upfitters, the businesses that manufacture or distribute truck equipment or ‘upfits,’ to track inventory movement and see what is in stock from what dealer. This is a powerful tool that upfitters can use to ensure dealers have the best bodies and equipment offered,” says Kathryn Schifferle, Founder and CEO of Work Truck Solutions.
Green Garage Webinar — How to Make Your Garage More Sustainable
Join 100 Best Fleets for a free webinar focused on the Green Garage -- Wednesday, July 15, 2020 11:00 AM -- 12:30 PM PDT
It will bring together the most progressive, environmentally friendly fleets to share best practices for eco-friendly fleet maintenance garages.
This webinar will be facilitated by the 2020 Fleet Manager of the Year, and the #1 winner of the Green Fleet Awards in 2019. Another manager of a #1 winner of The 100 Best Fleets will be discussing his top-to-bottom commitment to green maintenance. These are lessons you can learn and apply the next day.
Attendance is limited so REGISTER NOW!
All-Electric Police Vehicles May Already be Cheaper to Own
An Indiana Police Chief sees big savings fast
By Mark Boada, Executive Editor
Last week, I reported that a California consulting company claims that some 38 percent of the fleet vehicles across the U.S. that it has studied would be cheaper to own and operate if they were fully electric or, to use the right nomenclature, Battery Electric Vehicles (BEVs).
More specifically, Yann Kulp, one of the founders of eiQ Mobility, said that if a fleet had a BEV in operation instead of a fossil-fueled sedan, it could enjoy a savings of a little more than $12,000 in total cost of ownership (TCO) over 10 years. He made that claim only days after a study by the U.S. Department of Energy said that consumers could save around $14,500 in fuel costs by driving a BEV for 15 years.
The problem as I see it is that fleets generally don’t hold vehicles that long, and that the cost of fuel is only one variable in TCO calculations. To eiQ Mobility’s credit, however, the figures Kulp cited did include every TCO factor, from eligible subsidies to acquisition, fuel and maintenance costs and residual value. But that still left the matter of the extra-long vehicle holding period unaddressed.
