BILL BISHOP OVERVIEWS INDUSTRY IN HIS Q2 WHITE METAL MARKET
FLD 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.
FLD TO EXHIBIT AT NPTC FOR FIRST TIME
Looking to broaden its reach, FLD will be exhibiting at the National Private Truck Council’s annual show in Orlando May 7-9.
FLD FRANK CONGRATULATE’S MANHEIM ON BIG ANNIVERSARY!
Fresh off his blockbuster appearance at this year’s NTEA show, beloved mascot FLD Frank stopped by Manheim Daytona Beach to congratulate the team on their big 39th anniversary sale.
FLD DEBUTS NEW BOOTH, MASCOT AT 2023 NTEA WORK TRUCK WEEK
Looking to make its biggest splash ever, FLD debuted an impressive new booth – and a crazy popular life size mascot at the 2023 NTEA Work Truck Week. While “Frank” was arguably the hit of the show, many of those who stopped by the booth hung out on our putting green or took advantage of a free 5-minute assessment to learn how FLD can completely eliminate their remarketing risk.
FLD BRINGS CLOSE TO FLEET POLL
After months of polling the industry on some of its biggest topics, FLD and Fleet Mgt Weekly have wrapped the poll it published every two weeks and will release a series of articles overviewing the findings. Topics will include vehicle availability, supply chain snafu’s and inflation, and will include insights from our own Customer Advisory Board
FLD WELCOMES EXPERIENCED NEW BIZ DEV MANAGER
As a company that prides itself on the longevity of our employees, its not often that we add new talent. When we do, they’re amazing, just like our newest hire, Business Development Manager Carrie Galvan. With over 20 years in sales and fleet roles, she’s the perfect addition to our talented team!
FLD CHARITIES PROUD TO SPONSOR CUSTOMER EVENT AIMED AT WIPING OUT CF
For the fifth year in a row, FLD has sponsored our customer Vulcan Material’s “Shoot For A Cure” shooting clays event to raise money for Cystic Fibrosis research. This year’s even raised nearly a quarter million dollars and we couldn’t be more proud to be involved.
STOP BY BOOTH #26 AT THIS YEAR’S ELFA CONFERENCE
For the sixth year in a row, the FLD team attended the Equipment Leasing and Finance Associations annual show to catch up with customers and friends, give free 5-minute assessment’s, and spread the word on how FLD can eliminate remarketing risk by giving our customer’s an offer in hours, getting them paid in a few days, and, leaving them free to move on to more importan things sooner!