Market Trends

What Manager Accepts a 20% Defect Rate? Fleet Managers Do

The accident rate for fleets averages around 20 percent, with some industries, such as pharmaceuticals, even higher. In other words, 20 percent or more of your vehicles will be involved in an accident annually. In terms of your fleet safety program, any vehicle-related accident should be viewed as a defect. READ MORE

Author: Mike Antich | Posted @ Tuesday, August 15, 2006 9:46 AM | » Comments(0)

The False Economies of Driver Reimbursement

There are a number of reasons why driver reimbursement continues to be the wrong choice for commercial fleets, ranging from HR issues, safety concerns, liability exposure, corporate image, and tax consequences to employees. READ MORE

Author: Mike Antich | Posted @ Tuesday, August 1, 2006 9:40 AM | » Comments(2)

IRS Auditing More Fleets for Inadequate Personal Use Recordkeeping

If personal use of a company vehicle is allowed, then you are responsible to ensure company compliance with IRS regs and to avoid tax problems associated with unreported personal miles. The reason for this admonition is that more companies are being audited for inadequate recordkeeping of business use. READ MORE

Author: Mike Antich | Posted @ Tuesday, July 25, 2006 9:29 AM | » Comments(-7)

High Fuel Costs Add Pressure to Increase Personal Use Charges

The dramatic spike in the price of fuel has increased the cost of allowing personal use of company-provided vehicles. A growing number of companies now question whether they charge employees enough for personal use to offset the increased cost of fuel. READ MORE

Author: Mike Antich | Posted @ Tuesday, July 18, 2006 9:58 AM | » Comments(0)

The Impact of Sarbanes-Oxley on Fleet Operations

Examined are the implications of the Sarbanes-Oxley Act on fleet incentive monies that are not capitalized into the cost of a vehicle, the sale of out-of-service vehicles to employees, and process controls for decentralized fleets. READ MORE

Author: Mike Antich | Posted @ Tuesday, July 11, 2006 10:21 AM | » Comments(0)

Forecast of Commercial Fleet Buying Intentions for 2007-MY

The forecast is for commercial fleets to purchase a comparable number of vehicles in 2007 as they did in the preceding model-year. The high price of fuel is impacting selectors, as are concerns about rising fleet fixed costs. READ MORE

Author: Mike Antich | Posted @ Wednesday, July 5, 2006 4:10 PM | » Comments(0)

High Cost of Fuel and Weak Retail Sales Softens Resale Demand

Resale values in the wholesale used-vehicle market have softened as retail sales of both new and used vehicles have weakened, said Howard Graus, assistant manager, vehicle remarketing for Automotive Resources International (ARI), a fleet management company headquartered in Mt. Laurel, N.J. READ MORE

Author: Mike Antich | Posted @ Tuesday, June 27, 2006 11:49 AM | » Comments(0)

How to Minimize Vehicle Abuse

A major headache for fleet managers is dealing with drivers who willfully abuse their company-provided vehicles. Although they represent a very small minority of drivers, their actions (or lack of action, in the case of neglect) have a direct bearing on the company’s bottom line and fleet budget. READ MORE

Author: Mike Antich | Posted @ Monday, June 19, 2006 10:51 AM | » Comments(0)

Looking Over the Horizon:Five Predictions and Two Wild Cards

Each year, Automotive Fleet tabulates fleet-related data for its annual Fact Book to provide insight into the fleet industry for the current and preceding model years. With this foundation, I thought it would be interesting to extrapolate this data to identify trends that may influence fleet management decisions in the upcoming model-years. READ MORE

Author: Mike Antich | Posted @ Tuesday, June 13, 2006 9:20 AM | » Comments(0)

Factors Influencing Development of 2007-Model-Year Fleet Selectors

Each month we are in contact with hundreds of fleet managers who manage fleets ranging from fewer than a hundred vehicles to mega fleets of tens of thousands of units. This link provides us a strong pulse of what’s happening in the marketplace. Emerging trends can be discerned after hearing similar comments repeated by a variety of fleet managers in different industry segments. Here is some of the buzz currently circulating through the industry. READ MORE

Author: Mike Antich | Posted @ Tuesday, May 23, 2006 10:40 AM | » Comments(0)

15 Ways to Increase Your Fleet's Fuel Economy

Although gas prices have hit a record high, you can take actions to maximize the fuel efficiency of your fleet. Here are 15 suggestions for drivers to follow to maximize fuel economy, most of which won't cost you a cent. READ MORE

Author: Mike Antich | Posted @ Tuesday, May 2, 2006 11:55 AM | » Comments(0)

Fuel Becomes Fleet's No. 1 Expense at $3.25 Per Gallon Depreciation Moves to No. 2 Position

If the price of gasoline reaches $3.25 per gallon, it will exceed depreciation as fleet's No. 1 expense, based on today's incentives and residual values. With the $3-per-gallon threshold already shattered, this scenario is not implausible. READ MORE

Author: Mike Antich | Posted @ Tuesday, April 25, 2006 10:29 AM | » Comments(-1)

More Fleets Seek Reimbursement of Parking and Toll Violations from Drivers

Fleet managers of well-run fleets will tell you it’s getting harder and harder to find significant cost reductions. Many fleets are now expanding their focus to the next tier of cost savings. One area receiving increased attention is parking and toll violations. READ MORE

Author: Mike Antich | Posted @ Tuesday, April 18, 2006 9:31 AM | » Comments(0)

Low Inventory of Vehicles Continues to Bolster Wholesale Resale Values

The inventory of used vehicles in the wholesale market continues to lag buyer demand, boosting resale values across the board when compared to sale results same time last year. READ MORE

Author: Mike Antich | Posted @ Tuesday, April 11, 2006 9:01 AM | » Comments(0)

Fleets are the Targets for ‘Hidden Taxes’

Over the past two decades, the tax cost to operate a company-provided fleet has increased substantially. Today, taxes are the sixth-highest cost to operating a fleet. READ MORE

Author: Mike Antich | Posted @ Tuesday, March 28, 2006 1:16 PM | » Comments(0)

Who’s Responsible for RetrievalWhen Ex-Employees Hold Vehicles Hostage?

At most companies, when an employee is terminated, a predetermined checkout procedure is initiated to ensure all company assets are returned. READ MORE

Author: Mike Antich | Posted @ Tuesday, March 14, 2006 9:21 AM | » Comments(0)

Public Sector Fleet Operations on the Radar Screen of Politicians

The rapid rise in gasoline and diesel prices precipitated unanticipated fleet budget deficits throughout the country in 2005. This caused fleet to get on the “radar screen” of elected officials, the local news media, and taxpayer watchdog groups. As fleet managers asked legislators for additional funding, a knee-jerk “politicization” of fleet operations occurred with some elected politicians seeking to modify fleet policies. READ MORE

Author: Mike Antich | Posted @ Monday, February 27, 2006 3:34 PM | » Comments(0)

Are You a Tactical or Strategic Fleet Manager?

The common denominator among the companies operating the nation’s 300 largest commercial fleets is that they empower their fleet managers to make strategic decisions necessary to cost-effectively operate their fleets. READ MORE

Author: Mike Antich | Posted @ Tuesday, February 21, 2006 1:04 PM | » Comments(-6)

Public Sector Fleets:Why Fleet Resale Proceeds Should Not be Returned to the General Fund

A fleet with a vehicle replacement fund to which resale proceeds are returned makes the fleet manager more accountable for the disposal of surplus vehicles and equipment. It is in the fleet manager’s best interest to maximize resale proceeds to offset the cost of new vehicles. READ MORE

Author: MIke Antich | Posted @ Tuesday, February 7, 2006 10:33 AM | » Comments(0)

Think You Run a Well-Managed Fleet? Show Me the Metrics

Strategic sourcing has been a strong trend in corporate procurement for more than a decade. It has changed the corporate landscape and many fleet managers today find themselves reporting into the company’s procurement/sourcing group. READ MORE

Author: Mike Antich | Posted @ Tuesday, January 31, 2006 8:12 AM | » Comments(0)

The Time is Now to Create a Certified Automotive Remarketing Program

The International Automotive Remarketers Alliance (IARA) has launched an important industry initiative to develop the first-ever certification program for remarketers. Known as the Certified Automotive Remarketing program (CAR), it will be open to all members of IARA, along with nonmembers who meet the eligibility criteria. Currently, no such program exists for the remarketing industry. However, this is not the case in other industries. READ MORE

Author: Mike Antich | Posted @ Tuesday, January 24, 2006 8:34 AM | » Comments(0)

Higher Fuel Prices Prompt Increase in Truck Overloading

Higher fuel costs have created budgetary pressures to minimize operating expense, prompting some companies to make the most of every trip by overloading trucks. READ MORE

Author: Mike Antich | Posted @ Tuesday, January 17, 2006 9:11 AM | » Comments(0)

How Should Fleet Resale Performance be Measured?

A variety of resale guides are available for commercial fleet managers to use in benchmarking vehicle resale values and measuring the performance of their remarketing vendor. Recently, the advent of online resale guides is prompting some fleet managers to actively consider the use of other industry benchmarks. READ MORE

Author: Mike Antich | Posted @ Tuesday, January 10, 2006 11:29 AM | » Comments(-4)

Use of a Company-Owned Vehicle May Override the ‘Coming and Going’ Rule in Workers’ Comp Claims

Most state workers’ compensation systems do not provide benefits for injuries sustained while an employee is commuting to and from work. This is commonly referred to as the “coming and going” rule. Under ordinary circumstances, any injury that an employee may suffer while traveling to and from work would not be covered by workers’ compensation. READ MORE

Author: Mike Antich | Posted @ Wednesday, December 28, 2005 2:27 PM | » Comments(0)

Driving and Prescription Drugs Can be a Lethal RX

As fleet manager, any time one of your drivers uses an over-the-counter or prescribed medication, you must consider the risk and the effect it might have on their ability to drive. READ MORE

Author: Mike Antich | Posted @ Tuesday, December 20, 2005 2:21 PM | » Comments(0)

Author Bio

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Mike Antich

Editor and Associate Publisher

Mike has covered fleet management and remarketing for more than 20 years and entered the Fleet Hall of Fame in 2010.

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