SERVICES
Open-End Leasing – Your Key to Business FlexibilityLeasing allows the business to pay for only the portion of the vehicles they use. This reduces the monthly payment when compared to financing a vehicle where you pay and finance 100% of the vehicle and pay tax on the total price.
Is Your EV Fleet Prepared for a Lithium-ion Battery Fire?When compared to gasoline and hybrid vehicles, electric cars have the lowest number of fires per 100,000 sales. Electric vehicles are powered by lithium-ion batteries and EV fires are typically related to the battery. While electric vehicle fires occur less frequently, they burn longer and hotter than other fires. This is due to a chemical reaction in the battery called thermal runaway.
BEST PRACTICES – MANAGING AN EV FLEETElectric vehicle (EV) fleet management requires a different approach compared to managing a fleet of traditional combustion engine vehicles. Here are some best practices for EV fleet management:
Managing Vehicle Lifecycles in High-Mileage ScenariosWhen it comes to football, vehicle shortages and supply chain interruptions, “The best defense is a strong offense,” says a fleet manager for the Tennant Company. The past year or two has been particularly challenging for fleet managers, so many are finding it necessary to employ a variety of tactics in order to stem losses, delays, or added costs.
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Recently, the quarterly Manheim Used Vehicle Value Index call was held to review market performance from the end of 2021 and the market view going into 2022. A key topic of discussion: Has the significant increase in used vehicle prices set the market up for a crash in 2022?
GPS technology and other telematics provide actionable fleet intelligence technology that delivers real-time insights and help with overall fleet management. Extending fleet life is one such benefit, and is achieved by monitoring usage, hours and driving habits which can better inform lifecycle management.
The 2020 pandemic had far-reaching impacts to including the downward trend of car and truck maintenance costs while vehicles sat idle and were not driven during many of the work-from-home mandates. With efforts to restore the economy, fleets are facing increased maintenance challenges.
Uplifting vehicles has a market value projected at $290 billion for light-duty vehicles and $390 billion for the medium and heavy-duty aftermarket products in 2021. Determining the right uplift or feature to add is critical for optimizing fleet management.
Vehicle inventory continues to be tight and in July 2021, a new record was set for the average listing price of used vehicles.
It has been a challenge finding the right vehicles due to supply chain issues in the automotive industry. There are several issues causing a shortage of vehicles. The biggest contributor to the shortage is the smallest part… a chip. But there is much more to it now. Read on…
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