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NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, announces its 2020 Institute & Expo will be delivered as a premium interactive virtual experience, presented online from September 14-17. Mindful of the continuing uncertainty about live events and travel restrictions among member companies, NAFA pivoted from an in-person event in Indianapolis in September to an online model ensuring that everyone can benefit from access to the essential tools and resources that I&E is so well known for.
It is with great respect and sadness that we inform you that Milton Reid, former president of NAFA passed away on June 24, 2020 in Gainesville, Florida due to complications from cancer. He was 77. Milton was a former president of NAFA from 2003 to 2005. Milton had an illustrious career, earning a Bachelor of Science degree from Howard University in Mechanical Engineering and a building a career at General Electric Company in Erie, PA; Ford Motor Company in Dearborn, MI; ALCOA in Jamaica; Occidental Chemicals in White Springs, FL and the City of Gainesville, FL where he retired as the General Services Director in 2013. Milton served as the Chair of the Florida Association of Governmental Fleet Administrators (FLAGFA) and served in numerous capacities with the North Central Florida chapter of the United Way and the Harn Museum of Art at the University of Florida.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.96% month-over-month in May. This brought the Manheim Used Vehicle Value Index to 137.0, a 1.9% decrease from a year ago. Manheim Market Report (MMR) prices improved over the last four weeks resulting in a 5.1% cumulative increase on the Three-Year-Old Index. MMR Retention, which is the average difference in price relative to current MMR, was greater than 100% in all but three days in May and averaged 101.7% for the month. The MMR Retention trend reflected that vehicles were selling above current MMR values and was a clear reversal of what happened in late March and April.
NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, announces it is seeking candidates for its 2021 Board of Directors. The process began June 1, 2020 and concludes Thursday, October 1, 2020. To be considered, nominees must complete a Candidate Consideration Form, available online at http://www.nafa.org/BoardCandidate