Fleet Acquisition

The purchase of your fleet rental vehicles will be your biggest cost. The fleet acquisition decision between lease, buy and manufacturer repurchase can be complicated and overwhelming. This channel covers the latest news and tips regarding risk vehicles, buyback programs, funding, financing and loans for fleets of any size.


Fleet Sales Decline 12% in April

Vehicle manufacturers sold 12.2% fewer cars, trucks, vans, and SUVs to rental, commercial, and government fleet buyers in April compared to a year ago in what has become a softening market for new vehicle sales.

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Fleet Sales Decline 13% in March

Sales of vehicles to commercial, daily rental, and government fleets declined 13.1% to 279,063 in March and remain negative for the first quarter in the three segments, according to Automotive Fleet data and the Detroit Three.

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Mile Fleet Appoints New Chief Financial Officer

Mile Fleet LLC, a Florida-based vehicle supplier for rental car companies, has named Dave Goldstein as its new chief financial officer.

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Fleet Sales Decline in January Across the Board

Sales of fleet vehicles to commercial, daily rental, and government buyers slipped lower in January, despite year-over-year growth in sales of trucks, vans, and SUVs, according to the automakers and Automotive Fleet data.

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New Leasing Service Available to Rental Companies

The Bancorp’s new subsidiary, TBBK Direct Leasing, will serve as a fleet leasing and management company to small and mid-size commercial and rental fleets in the New Jersey, New York, and Connecticut markets.

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Ford's 2017 Fleet Preview

Several MY-17 Ford vehicles were available to drive on eight different test tracks at the preview’s drive experience. Preview attendees included 900 of Ford’s top commercial, government, and rental customers.

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BMW Names Fleet Sales Head For North America

BMW has named David Duncan to head of corporate and special sales for the automaker in a role that oversees corporate fleet sales, executive allowance sales, and daily rental sales. The appointment is effective May 1.

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AutoNation Won’t Sell or Lease Vehicles With Safety Recalls

AutoNation Inc., one of America's largest automotive retailers, has announced a policy to not sell, lease or wholesale any new or used vehicle that has an open safety recall.

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AutoAp Launches Recall Notification Service

Dynamic Recall Management service enables fleet managers to access the daily recall status of their vehicles.

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Fleet Jam Session Returns to Auto Rental Summit

Three-hour workshop to feature fleet planning strategies, auction best practices, new lending opportunities and an insider’s look at repurchase programs.

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How Lenders Can Help Rental Fleets

Four car rental operators share their stories of finding lenders, how they strengthened these relationships and how lines of credit have helped their businesses expand.

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How Rental Companies Use Leasing

From taking advantage of a lessor's buying power to conserving capital, leasing is a good way to put wheels on the road — after doing your homework on the right type and terms for you.

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Element to Acquire GE Capital's Fleet Business

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.

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New Zealand Vehicles Now Average 14 Years

The average age of New Zealand cars has reached 14 years for an increase of 3.5 years in the past 15 years.

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GM Tops Total Fleet Deliveries for 2014

General Motors sold the most fleet vehicles in 2014 on the strength of its daily rental fleet sales, while Ford delivered the most vehicles to commercial and government fleets amid a rising tide of vehicle sales to close out the year.

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How to Buy Cars From Your Local Dealer

A local dealer can be a great source for spot buys — if you know how to manage the deal.

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Finding the Right Car to Match Your Rental Rate

As a small fleet, how much can your company pay for a vehicle and still profit in a rate-competitive environment? Here are some tips to help work toward a holding cost that is 40% of revenue.

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5 Ways to Meet this Year's Fleet Challenges

This year, the challenges will be both new and old, making fleet planning now more important than ever.

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Hertz Introduces 3 BMW Models to Dream Cars Collection

The Hertz Corp. has expanded its Dream Cars collection by adding three new BMW models: the 650i Gran Coupe, 650i Convertible and the M5.

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Action Car Rental Adds 30-Plus Vehicles

Action Car Rental plans to add more than 30 new vehicles to its rental fleet this summer, including Volkswagen Jettas and Ford Mustang convertibles.

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