With consolidation, EV integration, inflation and more, the fleet space is a roiling cauldron of disruption. But with 45 years as remarketing’s leader and pioneer, FLD is an oasis of calm. Find out why in this video featuring members of our Business Development unit.
CEO Ron Sanders and Director of Business Development Carol Fowler took the FLD booth to the first ever Hospitality Show in Las Vegas and enlightened the industry on the virtues of selling used vehicles in one simple, risk-free transaction as opposed to waiting weeks or months for them to sell at auction. Our man FLD Frank was there to get all the scoop!
Read moreWant to know why FLD is the only remarketer that can buy used assets upfront before they go to auction? This video on our industry leading Condition Report Team explains how we do it and why FLD is your best choice for a smooth, seamless transaction that takes less than a week.
Team FLD made its first appearance at the National Private Truck Council conference in Orlando, and – as usual – our inveterate observer FLD Frank was on hand to get all the scoop for our customers and friends who couldn’t be in attendance.
Read moreTeamFLD attended one of fleet’s biggest events of the year, and of course our colleague FLD Frank was there to glean all the news and insights to share with our clients, partners and friends in fleet!
Read moreFLD has released its White Metal Market Report for Q2 2023. The used medium-duty wholesale market remains largely stagnant, with slight increases in dealer inventories and pricing. The big question facing the market is whether there will be enough pent-up demand for used vehicles as more units enter the market. There may be a lack of used inventory available for purchase as fleets are holding onto their vehicles for longer periods than ever before, and new inventory is still difficult to come by. The market for light-duty vehicles remains strong, with demand for smaller to mid-sized cars and SUVs remaining high.
However, production of new vehicles in this class remains stable, and the fact that it is still significantly lower than in previous years means there likely will not be enough vehicles to meet demand. Production of new medium-duty trucks has begun showing up on dealer lots, which is an encouraging sign that production is headed in the right direction. However, used medium-duty values have softened and are likely to continue to do so as new inventory enters the market. Heavy-duty trucks remain segmented into two distinctly different markets, both being driven by freight demand. The “day cab” market remains the strongest, while the sleeper market has seen a decline in both demand and values. Overall, the report suggests that the market remains largely stagnant, with slight increases in pricing and dealer inventories.
Making his debut to what turned out to literally be thousands of loving fans, FLD’s mascot “FLD Frank” sprang to life at this year’s NTEA Work Truck Week, walking the show floor, greeting passers by, and generally being asked to stop at every booth he passed. In honor of his appearance, he even wrote a recap of this year’s over-the-top proceedings for our customers, partners and friends who couldn’t be there themselves.
Read moreConfusion. Consolidation. Shortages. The fleet world has been in a state of turmoil since the dawn of the pandemic, and the team here at FLD thought it was time to address it in a series of communications that thoughtfully ask fleets to humbly give FLD an opportunity to earn their business.
The fleet industry has undergone drastic changes since the COVID-19 pandemic began, causing vehicles and products to become scarce and employees difficult to find. In order to overcome these challenges, fleet managers should first perform an audit of their operations to better understand their strengths, weaknesses, opportunities, and threats. In addition to developing an auditing process, fleet managers should keep their eyes and ears open and ask questions about anything that does not make sense. To prevent negative effects of industry disruption, fleets should choose service providers with a proven track record of meeting and exceeding customer expectations. While no one is totally immune from the negative effects of industry disruption, sticking with proven providers and not keeping all of one’s eggs in one basket are good strategies to combat fleet disruption. Fleet managers should also seek out partners with established supply chains and ready access to the products and solutions that fleets need to run successful operations. Since industry disruption has been the number one problem facing many fleets, many fleet managers are hesitant to try new providers. So – what’s a smart fleet to do about it? Find out in our latest Fleet Industry Executive Brief: 5 Ways to Minimize the Effects of Fleet Industry Disruption.
FLD has released its Year Behind/Ahead preview in its quarterly White Metal Market Report. The report looks back at 2022 and highlights how FLD’s predictions about the year’s trends, opportunities, and roadblocks turned out. FLD then offers predictions on what the fleet industry can expect in 2023. FLD predicts that 2023 will be a more favorable year than 2022, although the industry will continue to face challenges such as limited vehicle availability, base model pickups and van pricing falling off, supply chain woes, and inflation. However, there will be a more favorable trajectory as the economy improves, barring any prolonged recession. The report suggests that the proliferation of electric vehicles will drive innovation across the industry as they become more sophisticated and charging becomes more available. The growth of electric vehicles will create newfound excitement across the industry as everyone jockeys for their piece of the electric vehicle pie. FLD also warns that easy access to inexpensive financing will dry up and fleets should start stockpiling cash to prepare for this. Click the link below to read more.