Experian: Used Vehicle Subprime Loans Gaining Strength
Used-vehicle subprime loans are gaining momentum, according to Experian Automotive. The company saw credit opening up slightly in the fourth quarter and the subprime penetration of the credit market climbed from 33.99% to 36.42%.
New Fleet Tools From GreenRoad
New GreenRoad 360(TM) Service version improves the ability of fleet managers to identify and improve unsafe and fuel-inefficient driver behavior. The Service uses telematics hardware data to identify problems and assist in taking corrective actions.
Fleets More Open to Outsourcing Maintenance in Recession
Contracts to maintain fleet vehicles both in an organization's facility and on the outside are more in demand during this deep recession. Fleet managers are scrutinizing every expense.
Used Vehicle Market Continues to Show Gains
The used vehicle market continues to show improvement. The full year could see sales in the range of 39 to 40 million. Used vehicle values also continue to strengthen as a result of strong demand and low new-vehicle inventories. The current incentive war between the major automakers, however, could entice used-vehicle shoppers to take a closer look at a new vehicle.
