insi*ht The Road Ahead Just Got Easier. Quarter 1 · Mayfair for my personal car rental needs and...

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in this issue: Cost Savings Series Part 1: Acquiring Vehicles for a Low Price Mayfair Rent-A-Car Customer Satisfaction Mayfair Leasing has a Blog Depreciation Costs Up Top Safety Picks Named Mayfair Leasing Offers Used Vehicles Ford Sync Update Chevrolet Wi-Fi New Cost Savings Series A Resource for Managing Your Company Vehicles Ewald Fleet Solutions will continue to expand its role as a resource to assist business managers with managing company vehicles. As a reader of the Insight newsletter you will find a series of articles in the upcoming 2010 editions that will focus on practical measures that can save your company money. Ewald’s suggestions will be based on real life examples that Ewald Fleet Solutions has encountered when working with current and prospective customers over the years. Articles will also be archived on our website’s newly enhanced resource area for future reference. Welcome to the first article of our reality series on saving your company money on vehicles. How To Acquire a Vehicle for the Lowest Possible Price. You may already be confident that you are a savvy car buyer. Acquiring vehicles for a company is a very different ballgame. When working with prospective customers, Mayfair Leasing encounters quite a variety of approaches that companies employ in order to acquire a vehicle. Vehicle acquisition is an area where Mayfair often has the ability to bring the greatest savings to a new customer. Start with a plan. We often encounter businesses that make last minute purchases, pay more than they should, or settle for a vehicle that doesn’t meet exact requirements. Look ahead 6 - 12 months to determine what vehicles in your fleet should potentially be replaced based on mileage, condition, age, and maintenance and repair expenses. Then factor in any additional vehicles to accommodate future growth or expansion plans. (Continued on next page) Fuel Prices Rising Again? The United States Energy Information Administration forecasts that the annual average regular-grade retail gasoline price will increase to $2.84 in 2010 and $2.97 in 2011 due to the rising average crude oil price forecast. Pump prices may exceed $3 per gallon at times during the approaching spring and summer. To help save on transporation costs for your company’s fleet, check out our Fuel Savings Calculator, you might be surprised at the savings offered by increasing your vehicles’ fuel mileage. Visit http://ewaldfleetsolutions.com/ fleet-management/fuel-savings- calculator A Publication of Ewald Fleet Solutions Quarter 1 | 2010 The Road Ahead Just Got Easier. 1720 Paramount Drive | Waukesha, WI 53186 | 262-513-3300 | www.ewaldfleetsolutions.com

Transcript of insi*ht The Road Ahead Just Got Easier. Quarter 1 · Mayfair for my personal car rental needs and...

Page 1: insi*ht The Road Ahead Just Got Easier. Quarter 1 · Mayfair for my personal car rental needs and they were great! I would highly recommend Mayfair to anyone that needs to have a

in this issue:•• Cost•Savings•Series•Part•1:••Acquiring•Vehicles•for•a•Low•Price

•• Mayfair•Rent-A-Car•Customer•Satisfaction

•• Mayfair•Leasing•has•a•Blog

•• Depreciation•Costs•Up

•• Top•Safety•Picks•Named

•• Mayfair•Leasing•Offers•Used•Vehicles

•• Ford•Sync•Update

•• Chevrolet•Wi-Fi

New•Cost•Savings•SeriesA Resource for Managing Your Company Vehicles

Ewald•Fleet•Solutions•will•continue•to•expand•its•role•as•a•resource•to•assist•business•managers•with•managing•company•vehicles.•As•a•reader•of•the•Insight•newsletter•you•will•find•a•series•of•articles•in•the•upcoming•2010•editions•that•will•focus•on•practical•measures•that•can•save•your•company•money.•Ewald’s•suggestions•will•be•based•on•real•life•examples•that•Ewald•Fleet•Solutions•has•encountered•when•working•with•current•and•prospective•customers•over•the•years.•Articles•will•also•be•archived•on•our•website’s•newly•enhanced•resource•area•for•future•reference.

Welcome•to•the•first•article•of•our•reality•series•on•saving•your•company•money•on•vehicles.

How To Acquire a Vehicle for the Lowest Possible Price.

You•may•already•be•confident•that•you•are•a•

savvy•car•buyer.•Acquiring•vehicles•

for•a•company•is•a•very•different•ballgame.•

When•working•with•prospective•customers,•Mayfair•Leasing•encounters•quite•

a•variety•of•approaches•that•companies•employ•in•order•to•acquire•a•vehicle.•Vehicle•acquisition•is•an•area•where•Mayfair•often•has•the•ability•to•bring•the•greatest•savings•to•a•new•customer.

Start•with•a•plan.••We•often•encounter•businesses•that•make•last•minute•purchases,•pay•more•than•they•should,•or•settle•for•a•vehicle•that•doesn’t•meet•exact•requirements.•Look•ahead•6•-•12•months•to•determine•what•vehicles•in•your•fleet•should•potentially•be•replaced•based•on•mileage,•condition,•age,•and•maintenance•and•repair•expenses.•Then•factor•in•any•additional•vehicles•to•accommodate•future•growth•or•expansion•plans.•

(Continued•on•next•page)

Fuel•Prices•Rising•Again?

The•United•States•Energy•Information•Administration•forecasts•that•the•annual•average•regular-grade•retail•gasoline•price•will•increase•to•$2.84•in•2010•and•$2.97•in•2011•due•to•the•rising•average•crude•oil•price•forecast.••Pump•prices•may•exceed•$3•per•gallon•at•times•during•the•approaching•spring•and•summer.••

To•help•save•on•transporation•costs•for•your•company’s•fleet,•check•out•our•Fuel•Savings•Calculator,•you•might•be•surprised•at•the•savings•offered•by•increasing•your•vehicles’•fuel•mileage.

Visit•http://ewaldfleetsolutions.com/fleet-management/fuel-savings-calculator

A Publication of Ewald Fleet Solutions

InsIghtQuarter 1 | 2010The Road Ahead Just Got Easier.

1720•Paramount•Drive••|••Waukesha,•WI•53186••|••262-513-3300••|••www.ewaldfleetsolutions.com

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Customer•Satisfaction•is•Our•#1•PriorityCustomer•satisfaction•continues•to•be•a•#1•priority•at•Mayfair•Rent-A-Car.••Read•what•some•of•our•corporate•customers•have•said,•in•their•own•words:

“Mayfair Car Rental has always been extremely accommodating to all my company’s car rental needs. They have given us excellent service and do whatever they can to make our rental experiences very pleasant. I have also used Mayfair for my personal car rental needs and they were great! I would highly recommend Mayfair to anyone that needs to have a very reliable and friendly car rental company.” - Administrative Assistant in the Food Industry

“We have been using Mayfair Rent-a-Car for the past few years with positive experiences. The employees of Mayfair are very friendly and willing to help us even when little reservation time was given. We had a need for changes to the agreement with Mayfair and Mayfair worked with us to meet the differences. Mayfair continues to serve our requests and their service is continually documented.” - Director of Plant Operations at a local University

“I would like to thank you and your staff so much for the wonderful service you provide for us. Steve, Nate and Paul are the nicest people to work with! Many times we have last minute requests for car rentals and cancellations; they are very understanding and bend over backwards for us. I would highly recommend your rental program to others.” - Receptionist at a Public Accounting Firm

Mayfair•Rent-A-Car’s•clients•are•continuing•to•save•50%,•or•more,•compared•to•reimbursement,•on•their•transportation•costs•by•using•our•Corporate•Rental•Program.••If•you•would•like•to•learn•more,•please•contact•Kyle•Teig•at•262-754-3515•or•[email protected].••We•look•forward•to•working•with•you•and•your•company.

(Continued•from•page•1)

Combine•purchases•to•secure•volume•discounts.•Laying•out•a•plan•for•vehicle•acquisitions•allows•the•customer•to•factory•order•vehicles•while•leveraging•vehicle•order•volumes•for•additional•manufacturer•discounts.•Clients•are•advised•to•centralize•vehicle•acquisitions•when•departments•or•divisions•are•acting•independently.

Explore•all•available•incentives.•Manufacturer•incentives•are•based•on•the•size•of•the•company•fleet.•It•is•important•to•review•the•fleet•programs•every•model•year.•Fleet•programs•will•detail•additional•benefits•such•as•commercial•upfitting•allowances.•Keep•in•mind•that•at•times,•retail•incentives•can•be•greater•than•fleet•incentives.•It•pays•to•be•an•informed•buyer.

Work•with•the•fleet•or•commercial•department•at•the•dealership.•Vehicles•should•always•be•acquired•from•a•fleet•department•at•the•dealership.•The•salesman•that•specializes•in•retail•sales•may•not•have•the•experience•or•knowledge•with•acquiring•company•fleet•vehicles.•Staying•abreast•with•commercial•vehicle•specs•and•incentives•is•a•job•best•left•to•a•commercial•sales•department•and•is•often•operated•separately•from•the•retail•sales•department•at•a•dealership.

Compare•competitive•makes.•Businesses•often•default•to•acquiring•the•same•vehicle•make•year•after•year;•a•common•result•of•rushing•to•replace•a•vehicle•due•to•a•lack•of•planning.•Vehicles•vary•in•how•well•they•hold•their•value,•so•it’s•important•to•compare•residual•value•performance.•An•opportunity•for•additional•savings•could•be•missed•by•not•researching•other•vehicle•brands.•

Mayfair•Leasing•applies•all•of•these•disciplines•when•managing•our•customer’s•vehicle•fleets.•Businesses•could•potentially•spend•several•thousand•dollars•more•per•vehicle•without•a•well•managed•program.•

Check•out•our•Blog!

Ewald•Fleet•Solutions•now•provides•another•resource•for•people•that•are•responsible•for•managing•company•vehicles.••The•new•blog•will•host•discussions•on•best•practice•tips•and•recommendations•for•fleet•management.••You•will•find•a•posts•covering•a•variety•of•fleet•management•

topics•including;•acquiring•vehicles,•maintenance,•vehicle•remarketing,•and•other•fleet•management•

subjects.••

Check•it•out•and•get•in•on•the•discussion!••Visit•http://ewaldfleetsolutions.com/resources/helpful-articles

Your opinion is important to us!You•can•tell•us•about•your•rental•

experience•by•completing•our•online•survey•available•by•visiting

www.mayfairrentacar.com/survey.php

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Depreciation•Costs•Up•in•Most•Vehicle•Segments•Changes•in•the•largest•fleet•expense,•vehicle•depreciation,•impacts•fleets•in•a•big•way.•In•2009,•many•fleets•extended•replacement•cycles•due•to•the•impact•of•the•economic•downturn,•which•contributed•to•higher•depreciation•costs.

The•average•depreciation•in•2009•was•up•from•2007•and•2008•in•all•vehicle•segments•-•with•the•exception•of•the•minivan•segment,•which•actually•saw•a•decrease•in•effective•depreciation•from•2.22•percent•in•2008•to•1.93•percent•in•2009,•according•to•a•recent•survey•conducted•by•Fleet•Financials•magazine.

Fleet•Financials•went•on•to•report•that•the•average•effective•depreciation•in•2009•was•up•from•2007•and•2008•due•to•higher•capitalized•vehicle•costs•in•2009.•By•class,•compact•and•mid-size•cars•remained•fairly•even•while•larger•cars,•trucks,•and•vans•showed•an•increase•in•depreciation•percentage•in•2008.•Intermediate•cars•saw•a•return•to•2007•levels•for•effective•depreciation•performance.•The•minivan•segment•was•the•only•segment•that•experienced•a•decrease•in•effective•depreciation.

While•absolute•dollar•amounts•of•effective•monthly•depreciation•have•been•on•the•rise•for•the•light-truck•segment,•effective•depreciation•rates•for•2009•remained•consistent•with•2007•levels.•However,•the•light-truck•segment•had•slow•but•steady•depreciation•improvement•throughout•2009,•peaking•in•August

The•full-size•van•segment•underwent•the•most•significant•shifts•in•depreciation•costs,•as•well•as•replacement•strategies,•since•2007.•Truck•fleets•have•clearly•implemented•cycle•extension•strategies•to•help•manage•their•depreciation•costs.•But•extending•replacement•cycles•come•at•a•cost•that•must•be•factored•into•the•decision.•Holding•onto•an•aging•inventory•of•fleet•vehicles•will•result•in•higher•maintenance•costs,•more•downtime,•and•older•model-year•vehicles•that•have•a•less•desirable•fuel•economy•than•newer•vehicle•models.

The Road Ahead Just Got Easier.

•www.ewaldfleetsolutions.com

Buick•LaCrosse•&•Chevy•Malibu•Named•Top•Safety•Picks•The•all-new•Buick•LaCrosse•and•the•Chevrolet•Malibu•were•among•the•recipients•of•this•year’s•Top•Safety•Picks•from•the•Insurance•Institute•for•Highway•Safety.

The•Top•Safety•Pick•for•LaCrosse•and•Malibu•are•significant•because•their•principal•competitors•from•Lexus,•Acura,•Toyota,•and•Honda•respectively•were•dropped•from•the•list,•which•for•the•first•time•required•a•“good”•rating•in•a•roof•strength•test.•This•test•is•a•measure•to•help•determine•protection•in•rollover•crashes.

In•the•roof•strength•test,•a•metal•plate•is•pushed•against•one•side•of•a•roof•at•a•constant•speed.•To•earn•a•good•rating•for•rollover•protection,•the•roof•must•withstand•a•force•of•four•times•the•vehicle’s•weight•before•reaching•five•inches•of•crush.•This•is•called•a•strength-to-weight•ratio.

Achieving•a•“good”•rating•in•front•and•side•crash•tests•and•rear•impact•as•well•as•electronic•stability•control•were•the•other•criteria•used•to•select•the•27•vehicles•that•received•Top•Safety•Pick•for•2010•compared•with•94•in•2009.•

Looking•for•a•Used•Vehicle?

You•already•know•that•Ewald•Fleet•Solutions•offers•a•vehicle•management•program,•but•did•you•know•that•we•also•offer•a•fine•selection•of•used•vehicles?••Our•inventory•changes•frequently•and•features•cars,•trucks,•and•vans.••If•you•don’t•see•what•you•are•looking•for•in•the•current•inventory,•call•us!•We•have•access•to•many•more•and•can•locate•the•exact•vehicle•you•are•looking•for.

Mayfair’s•experienced••sales•team•is•ready•to•make•the•purchase•or•lease•of•your•next•vehicle•a•pleasant•experience.••Dave•Goetz•offers•28•years•of•experience•in•automobile•finance,•and•vehicle•sales•and•leasing.•

Our•inventory•is•available•online•at••www.ewaldfleetsolutions.com/used-vehicles•by•navigating•to•the•Vehicle•Sales•Page,•and•clicking•through•to•view•our•online•inventory.

Goetz

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Ford•to•upgrade•Sync•systemFord•Motor•Co.•unveiled•the•latest•version•of•Sync.•The•system•includes•a•new•feature•that•will•allow•the•system•to•work•with•virtually•any•application•on•a•motorist’s•cell•phone•or•music•player.•

That•means•drivers•will•be•able•to•stream•music•from•an••Internet•radio•service•through•their•car’s•stereo•or•have•Sync•read•incoming•messages•from•their•friends•on•Twitter.•They•will•be•able•to•manage•these•applications•using•Sync’s•voice•controls•or•listen•to•information•using•its•text-to-speech•system.•And•they•will•be•able•to•use•the•many•location-specific•applications•that•provide•information•about•nearby•businesses•and•attractions.•

The•new•feature,•known•internally•as•“mobile•apps,”•will•be•available•in•select•2011•models,•but•existing•Sync•customers•will•be•able•to•download•the•upgrade•and•install•it•in•their•vehicle.•

BETWEEN•THE•LINES

Wireless•Internet•Available•for•Chevrolet•ModelsA•new•dealer-installed•system•is•now•available•for•several•Chevrolet•models,•enabling•full•Internet•access•inside•the•vehicle•-•and•up•to•a•150•feet•radius•around•the•vehicle•-•with•a•laptop•or•mobile•Wi-Fi•device.

Chevrolet•Wi-Fi•by•Autonet•Mobile•is•certified•to•work•with•the•new•Chevrolet•models:•Equinox,•Traverse,•Silverado,•Tahoe,•Suburban,•Avalanche,•Express

For•fleets•on•the•go,•the•Chevrolet•Wi-Fi•connection•offers•increased•efficiency•with•immediate•Web•access.•When•used•with•a•laptop•computer,•the•information•comes•in•a•larger,•easier•to•navigate•format•than•the•small•displays•of•cell•phones.

1720•Paramount•Dr•••I•••Waukesha,•WI•53186

InsIghtInsIght

The Insight newsletter is published by Ewald Fleet Solutions as a source of information for clients and business associates. The information provided here is of a general nature and is not intended to address specific circumstances of any individual or entity. The services of a professional should be obtained before implementing specific ideas. Ewald Fleet Solutions offers products and services through various affiliates of Ewald Holdings, Inc., including Mayfair Leasing, LLC, Mayfair Rent-A-Car, LLC, Ewald Chevrolet Buick, LLC, Ewald Chrysler Jeep Dodge Ram, LLC, Ewald Motors of Oconomowoc, LLC, Ewald’s Harford Ford, LLC, and Ewald’s Venus Ford, LLC.

1720•Paramount•Drive••|••Waukesha,•WI•53186••|••262-513-3300••|••www.ewaldfleetsolutions.com