Q4 WHITE METAL MARKET REPORT. 2023 LOOK BACK AND LOOK AHEAD TO 2024!
a comprehensive overview of the wholesale used vehicle market in 2023 and offers predictions for 2024. In 2023, the market experienced significant fluctuations, with three distinct periods: stability in the first third of the year, followed by a sudden 10% decrease in vehicle prices from April to June, and a subsequent freefall in prices by September. Various vehicle classes were affected differently, with sleeper trucks, day cabs, and larger vehicles experiencing the most significant drops in value.
Traditional economic indicators proved unreliable in predicting market trends, with factors like increased housing activity failing to boost demand for used vehicles as expected. Interest rates doubled, further complicating the market dynamics. Looking ahead to 2024, the article predicts continued challenges, with prices likely to remain low and some vehicle classes experiencing further declines. Click the link below to download the article and read more!
TEAM FLD: INTRODUCING PRESIDENT GARY MOTT
A 30-plus year veteran of FLD and an icon in the fleet industry, our monthly series takes a look at our President Gary Mott and his philosophy on the business, life and the perfect weekend at the lake! Find out a little more about what makes him tick in and how he vies his 30-plus-year career with TeamFLD!
FLD CHARITIES CONTINUES FOCUS ON SOUTH FLORIDA KIDS
Helping children in our local community thrive is the reason we started FLD Charities, and finding local charities that focus on that mission is our passion. Our Q4 2023 charity – the Tire Kingdom Charity Classic golf tournament – is a great example of how kids benefit when people band together to do great things. Our 6th year of participation and we couldn’t be prouder!
FLD CHARITIES Q4 RECIPIENT TEES OFF TO HELP KIDS THRIVE!
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.
GET TO KNOW TEAMFLD – RICHARD MALLEK, DIRECTOR OF BUSINESS DEVELOPMENT
A car guy for as long as he can remember, Director of Business Development Richard Mallek is a New York native who came South and never looked back. A member of TeamFLD for 12 years, learn a little about what makes Rich tick and why he’s still a car guy!
FLD LAUNCHES FREE NEW OVRVIEW APP TO FIGHT NEGATIVE EFFECTS OF FLEET DISRUPTION
Consolidation. Inflation. Having to do more with less. Today’s fleets are under attack from the negative effects of fleet disruption which is why we’ve created the all new, free OVRView app. Fleets can use it to manage remarketing in real time, saving time, money and brining a little sanity back to their lives.
GET TO KNOW TEAM FLD FEATURING HOLLY HILL, DIRECTOR OF BUSINESS DEVELOPMENT
With over 25 years of experience, Business Development Director Holly Hill is featured in the first of our monthly series “Get to Know Team FLD.” Find out why Holly considers herself to be a professional problem solver with a unique super power!
DOING GREAT THINGS FOR LOCAL CHILDREN and FAMILIES
The Achievement Center for Families and Children have been a mainstay in the area near our corporate headquarters, and the team at FLD couldn’t be prouder to name it as the recipient of our Q2 FLD Charities award.