TEAMFLD AT THE 2023 NAFA CONVENTION
TeamFLD 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 moreNEWS
INSIGHTS
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 FRANK TAKES ON THE WORK TRUCK WEEK!
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 moreFLD ADDRESSES INDUSTRY DISRUPTION
Confusion. 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.
FLD EXECUTIVE BRIEF OFFERS PRACTICAL ADVISE FOR TOUGH TIMES
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.
Q1 WHITE METAL MARKET REPORT SETS TONE FOR 2023
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.
BIZ DEV MGR AND FLD FRANK TOUT NEW AND IMPROVED OVRVIEW
Biz Dev Mgr Holly Hill overviews how fleet managers can quickly and easily assess vehicles from thousands of miles away using FLD’s new and improved OVRview solution.
Read moreOUR CLIENTS SAY IT BEST
Don’t take our word for it, take it from fleet experts who rely on FLD to save them time, money and resources every day.
FLD FRANK CONGRATULATE’S MANHEIM ON BIG ANNIVERSARY!
FLD Frank, the lovable mascot who recently made waves at the highly anticipated NTEA show, made a special visit to Manheim Daytona Beach to extend his heartfelt congratulations to the exceptional team on their momentous 39th anniversary sale. This exciting event has captivated the attention of automotive enthusiasts and industry professionals alike.
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!
FLD CHARITIES MAKES SEASON BRIGHT FOR AREA KIDS
FLD associates have always considered the Boynton Beach Police Department’s annual holiday toy drive to be among our highest callings. This year our team donated more than 50 toys in an effort to make the season bright for area kids!