Our Q3 Sentiment Index shows that top fleet managers are feeling much the same as they did in Q2 about the basket of 7 key fleet topics we query them on every quarter. Confidence in the ability to acquire vehicles remained near an all-time high, with our Customer Advisory Board members reporting little problems acquiring vehicles. Meanwhile, confidence in service and maintenance is hovering near some of the lowest numbers we’ve seen over the past year with several of the fleet managers we spoke with decidedly negative on the topic. Note that while we are seeing some standard variance from the Q2 numbers regarding our other 7 topics (<- 5%) follow up conversations with our panel indicate that for the most part, fleet had a quiet Summer. Be sure to keep an eye out for our Q4 Sentiment Index when we release it in early December for a look at fleet manager sentiment as we head into the new year. *Mouse over any quarter to see its specific chart.
Fleet managers face challenges with visibility during the remarketing process, particularly after the pandemic, leading to costly consequences like selling assets for less than their worth. This issue is exacerbated by the geographical spread of fleets and the complexity of managing assets remotely. Despite using advanced software, fleets often struggle to track assets’ locations and […]
Remarketing used fleet assets is fraught with risks, including potential financial losses, extended remarketing timelines, and hidden costs that erode return on investment (ROI). The pandemic exacerbated these issues, with many fleets holding onto aging vehicles due to supply chain disruptions and a lack of replacements. Vehicles now often exceed 12 years in age, increasing […]
The Q2 2024 White Metal Market Report reviews the state of the used vehicle market and offers predictions for the rest of the year. The used vehicle market, particularly affected by the pandemic and supply chain disruptions, shows signs of stabilizing in 2024. Although the year started slowly, the market picked up in spring, and […]
As he has the last 3 years, our Director of Business Development Richard Mallek was asked by industry bible Fleet Management Weekly to give us thoughts on this year’s Work Truck Week conference and some of the new innovations he saw while there. Must see!
This White Metal Market Report provides an overview of the 2023 fleet and wholesale used vehicle market, as well as predictions for 2024. The year started steadily, with vehicle pricing and volume aligning with 2022 trends. However, by May, the market saw a sharp decline in wholesale vehicle prices, which dropped by around 10%. This […]
This article discusses the challenges faced by the fleet industry since the pandemic, such as vehicle shortages, inflation, rising gas prices, and limited access to capital. FLD, a leader in vehicle remarketing, has developed strategies to help fleets navigate these disruptions. A key solution is their OVRView app, which offers real-time visibility and control over […]
FLD Charities was proud to name the Tire Kingdom Charity Classic as our Q4 recipient and even more proud to participate as a title sponsor for this great event – which helps provide educational opportunities for South Florida youth – for the 5th year in a row.
The mid-2023 White Metal Market Report highlights the ongoing challenges faced by the fleet industry in the wake of the pandemic, comparing the pre-COVID “golden era” to the current difficulties. Over the past three years, fleets have struggled with vehicle shortages, supply chain issues, and rising interest rates. The lack of available vehicles remains a […]
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