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PHH

Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.

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Operating Costs Remain Flat in Calendar-Year 2010

Stable fuel prices were the primary reason fleet costs remained flat. Also, national accounts did not increase prices for oil changes and replacement tires. Maintenance costs were up for fleets that extended vehicle cycling.

2010 Green Fleet Survey Now Open

SPARKS, MD - Open from March 29 through April 23, the annual Green Fleet Survey takes about five minutes to complete. Participants will be entered to win a Netbook companion PC.

Depreciation Up in Most Vehicle Segments

According to industry analysts, most vehicle segments increased in vehicle depreciation in 2009 due to such factors as extended replacement cycling, shifts in the wholesale vehicle market, and higher capitalized vehicle costs.

2009 PHH Arval Energy Conference

More than 60 participants from approximately 40 Houston-area energy companies gathered for the PHH Arval Energy Conference, held Oct. 22 at the Houstonian Hotel in Houston. PHH has held this annual event for 17 years. The conference is designed to bring together fleet professionals in the energy industry to address common concerns, goals, and improve the business, according to Steve DiBiagio, PHH senior vice president of business development.

Global Economic Recession Cuts Fleet Operating Costs

Fuel costs, the largest fleet operating expense, declined dramatically in the 2009 calendar-year due to a sharp decline in worldwide consumption. Also, many fleets have downsized, which contributed to a lower overall fuel spend.

2009 Order-to-Delivery Times Battered on Multiple Fronts

OTD was affected by plant closures due to Chapter 11 reorganizations by GM and Chrysler, an economic downturn that decreased fleet and retail sales, and shipping delays caused by less-than-full loads for railcars and transporters.

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