Inflation Buster: New-Vehicle Prices Continue to Trend Lower, Are Down Nearly 1% Year Over Year in May, According to Kelley Blue Book Estimates
New-vehicle prices in May remained lower year over year for the eighth consecutive month, as higher inventory levels continued to hold downward pressure on transaction prices.
"In May, we saw some positive news on the sales front," said Erin Keating, executive analyst for Cox Automotive. "A lot of those sales gains were juiced by higher incentives and lower prices, which is good news for consumers worrying about inflation. While there are a lot of vehicles transacting at very high prices, that doesn't mean all new vehicles are unaffordable. There are still plenty of excellent, well-priced vehicles out there, particularly in the compact segments."
Quickly Catch and Stop Fuel Card Fraud
Here’s a great customer success story about how fleets can quickly and effectively catch and stop fuel card fraud.
EV Advice for New Fleet Managers
If you’re a new fleet manager who’s just getting started in the EV world there are plenty of fellow fleet managers who have some great advice to offer.
Electrifying EM News: Four Sites Honored With DOE’s Green Fleet Awards
image credit: Savannah River Site
The U.S. Department of Energy (DOE) is honoring four sites within its Office of Environmental Management (EM) for their significant contributions toward a Biden administration goal of achieving a 100% zero-emissions vehicle fleet by 2035.
In recognition of their efforts toward a more sustainable DOE fleet, the Idaho Cleanup Project and Hanford, Paducah and Savannah River sites will each receive the Department’s Fiscal Year (FY) 2024 Green Fleet Award.
“EM sites have demonstrated outstanding leadership in helping the Department of Energy achieve the administration’s goal of transitioning to 100% zero-emission vehicles by 2035, with 100% light-duty vehicle acquisitions by 2027,” DOE Chief Sustainability Officer Ingrid Kolb said.
Micro Lessons, Major Impact
We recently spoke with Mauricio Berber, President of Predictive Coach, about his company’s fast, automated, affordable way to address the problem of risky driver behavior. The program works by looking for risks such as speeding, harsh braking, or harsh cornering, then assigns a relevant training lesson on a laptop or mobile device. Read more HERE.
Fleet Transformation
Also in today's issue, Ridecell’s Mir Baqar talks about how Ridecell's Fleet Transformation Cloud integrates data and delivers usable insights, digital vehicle control, and an automated workflow.
“Our client-centric focus gives us a long-term relationship with our customers and a deeper and broader understanding of the [fleet] industry,” says Baqar. “We can see how it’s evolving and what the needs and trends are, so we’re ready to help our customers better fight their challenges.” Read more HERE.
Ted Roberts
President
