Jonathan Smoke's Remarketing Strategy - May 2020 - Wholesale Prices See Historic Fall in April

Declines in Manheim Market Report (MMR) prices accelerated over the last two weeks of March and the first two weeks of April but then started to decelerate over the final two weeks of April. April saw a decline of about 10% in the Three-Year-Old Index. Given the unprecedented downturn in sales and market disruption that the industry experienced because of the COVID-19 pandemic, the declines initially observed in MMR values at the vehicle level and at all aggregation levels did not fully reflect the declines occurring in the relatively limited number of sales transactions taking place.

NAFA Announces Bill Schankel, CAE, as New Chief Executive Officer

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, announces Bill Schankel, CAE, as its new Chief Executive Officer. Schankel has served as NAFA’s Interim CEO since August 2019. He joined the organization in September 2017 as NAFA’s Chief of Staff & Operations. The selection of Schankel caps an extensive search process facilitated by JDG Associates, a nationwide executive search firm which specializes in placing association executives who will achieve immediate and long-term goals. The process started a large initial prospect pool which was narrowed by stages to a group who interviewed with NAFA’s Executive Search Committee, and then to a final round who met with Board of Directors’ leadership.

NTEA, AFLA, and NAFA Partner to Support the Commercial Vehicle Industry during the Coronavirus Pandemic

In a time of uncertainty, knowing where to turn for support and insight is critical. NTEA, AFLA and NAFA take that responsibility very seriously, which is why your association partners are working together to help your business, while you keep the world moving forward. The three organizations believe an informed community will help the industry emerge stronger after the pandemic, and this collaboration reflects the commercial vehicle industries spirit of community and cooperation. We recognize the importance of shared, accessible resources to promote positive outcomes for all our combined stakeholders who play an essential and pivotal role in their communities and for our nation.

Jonathan Smoke's Remarketing Strategy - April 2020 - Spring Bounce Ends Early This Year Due to COVID-19

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.10% month-over-month in March. This brought the Manheim Used Vehicle Value Index to 141.9, a 4.4% increase from a year ago. Given the unprecedented downturn in sales and market disruption that the industry is experiencing because of the COVID-19 pandemic, the decline we have observed thus far in Manheim Market Report values at the vehicle level and at all aggregation levels does not fully reflect the declines occurring in the relatively limited number of sales transactions taking place.

Announcing the 100 Best Fleets!

On April 7, 100 Best Fleets Founder Tom C. Johnson announced his rankings for 2020’s top fleets. Great news for NAFA members! The 100 Best Fleets’ number-1 position is tied between two organizations led by NAFA Members.
 

• County of San Luis Obispo, CA - Rocky Buoy, Fleet Manager
• Palm Beach County Sheriff’s Office, FL - Jeffrey Hawthorne, CAFM, Fleet Manager