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Does your business need a company vehicle for making deliveries,
traveling to clients’ offices, carrying equipment and more? Whether
buying or leasing a vehicle is more advantageous for you depends on
a variety of factors. And if you need several cars or vans for
salespeople or delivery drivers, you may be eligible for fleet
leasing programs that can save you big money.
Leasing a small fleet of cars, minivans or pickups is easier and
more advantageous than ever. Businesses that buy or lease 10 or
more vehicles qualify as commercial fleet buyers and are given a
fleet registration number (obtained through the dealer), entitling
them to all available manufacturers’ and dealers’ fleet incentive
While manufacturers have always offered attractive discount
programs to commercial fleet buyers, there have rarely been such
programs for the small fleet lessee requiring fewer than 10 cars.
Nowadays, however, many dealers are beginning to offer their own
programs to business owners and will work with you to get your
business. In fact, some dealers can get you a fleet registration
number even if you lease only a few cars.
To decide whether fleet leasing is for you, sit down with your
accountant and estimate what it will cost, taking into account
monthly lease payments, insurance, gas, oil, maintenance and
license fees. Will you need to hire someone to manage the fleet? If
not, how will you keep tabs on regular tune-ups and administrative
You may decide it’s more economical to give your employees an
allowance and have them lease their own cars. These and other
questions should be put to your accountant before making a decision
on fleet leasing. Always check to see what the penalties are for
terminating a lease early, especially if your cash flow tends to
fluctuate from month to month.
The typical considerations of leasing are multiplied when you
lease several vehicles, so consider these possible pitfalls before
you sign on the dotted line:
- Higher insurance coverage. Some dealers
require you to increase your insurance coverage since they, not
you, own the leased vehicles. Shop around for prices before you
order your fleet because insurance can amount to a lot of money. As
a business owner, you can probably get a blanket policy to cover
both your business and your fleet.
- Overextending your hard-earned bucks. Six
shiny new vehicles in your company parking lot may boost your ego,
but do you really need them? It’s easy to get carried away when
ordering a fleet, so make sure you have analyzed your needs
thoroughly before signing on the dotted line.
- Neglecting to ask about mileage limits.
These can vary radically and can cost you as much as 15 to 20 cents
for each mile you drive the car over the limit. If you cover 50,000
miles a year, it pays to buy rather than lease.
- Failing to compare buying price with lease
price. Dealers may have vehicles on the lot they are anxious to
get rid of and will give
- ClickZ and SEW hosted a virtual briefing, The Impact of COVID-19 on the Automotive Industry & Marketing with Trevor Hettesheimer, Manager, KPI’s, Analytics, Search & Planning at Volvo.
- There has been a sharp drop in automotive sales compared to the 2020 forecast in January, which predicted 16.8 million in total sales and 13.4 million in retail sales.
- As a result of nationwide shutdowns combined with an oil price war, automotive industry sales were down 41% in March 2020 compared with the previous year.
- To help mitigate the impact on its business, Volvo took inventory of their U.S. dealerships and assessed who could remain open for sales and service.
- They then assessed what dealers could do business online and brainstormed ways they could safely deliver cars or allow consumers in lockdown to have their cars serviced.
- Hettesheimer noted that the most significant drop in sales would likely be April at 60-80% below what was initially forecasted at the start of 2020.
- Based on the pre-virus forecast, Volvo decided to cut all planned media spend for April and May, except for paid search which is based on consumer intent. They audited their ad copy and messaging to ensure it made sense in the current business climate.
- Volvo is constantly monitoring the state of the economic recovery across the U.S to inform when they decide to relaunch their advertising.
- Hettesheimer summarizes four key steps that businesses can use to inform their marketing decisions: take inventory, review all messaging and adjust as appropriate, capture demand with search marketing, and take note of changing search behaviours and tailor content accordingly.
We recently hosted a virtual briefing as part of our new Peer Network series on the impact of COVID-19 on the automotive industry and marketing with Trevor Hettesheimer, Manager, KPI’s, Analytics, Search & Planning at Volvo.
Trevor has spent over two decades at Volvo US in a variety of different roles. He began his career as Volvo’s Global Marketing Analyst and helped to bring their first SUV to market, the award-winning XC90.
Hettesheimer currently focuses on reporting and presenting predictive analytics based on Volvo’s KPI’s. Hettesheimer is also responsible for Volvo’s paid search marketing and SEO activities in the US.
In the briefing, which is part of our new Peer Network initiative, Hettesheimer shares insights and data on how COVID-19 has dramatically changed business at Volvo.
The impact of COVID-19 on the automotive industry
In order to understand COVID-19’s impact on business in the US, Hettesheimer and his team consult a key resource available from Bing, the COVID-19 Tracker, which provides real-time reporting on how the virus is tracking in the U.S.
COVID-19 Tracker—Source: Bing
“The coronavirus is truly a human tragedy at a global scale,”
“There are 2.1 million confirmed cases and growing worldwide, with over 144,000 deaths. This is really impacting every nation on the planet. From an economic standpoint, many economists agree that the world is facing the most serious challenge since WWII ended.”
Hettesheimer went on to
Pune, Maharashtra, Prudour Pvt. Ltd., April 21, 2020 (Wired Release) MarketResearch.Biz has presented a new research study offering a comprehensive analysis of the Global Bicycle Parking Rack Market where users can benefit from a complete market research report with all the necessary useful information on this market. This is the latest report covering the current impact of COVID-19 on the market.
Click here to get the short-term and long-term impact of COVID-19 on this Market: https://marketresearch.biz/report/bicycle-parking-rack-market/covid-19-impact
Key Highlights of This Research Report:
Overview: Along with a broad overview of the global Bicycle Parking Rack Market, this section gives an overview of the report to give an idea of the nature and content of the research study.
Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Bicycle Parking Rack Market.
Study on Key Market Trends: This section of the report offers a deeper analysis of the latest and future trends of the Bicycle Parking Rack market.
Market Forecasts: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of volume and value. The report also provides consumption, production, sales, and other forecasts for the Bicycle Parking Rack Market.
Regional Growth Analysis: All major regions and countries have been covered in this Bicycle Parking Rack market research report. The regional analysis will help market players tap into unexplored regional markets, develop specific strategies for target regions, and compare the growth of all regional markets.
Segment Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Bicycle Parking Rack Market. Market participants can use this analysis to make strategic investments in key growth pockets of the Bicycle Parking Rack.
For Better Understanding, Download Free Sample PDF Copy of Bicycle Parking Rack Market Research Report : https://marketresearch.biz/report/bicycle-parking-rack-market/request-sample
The Leading Players included in this report are:
Bikeep Inc, Cycle-Works Ltd, Dero Bike Racks Inc, Falco BV Ltd, Forms and Surfaces Inc, Graber Manufacturing Inc, Ground Control Systems, Leda Security Products Pty Ltd, Reliance Foundry Co Ltd, Saris Cycling Group Inc, Urban Bicycle Parking Systems Inc
Bicycle Parking Rack Market Segmentation Analysis
Segmentation by Mount Type:
Segmentation by Application:
Bicycle Parking Rack Market: Regional analysis includes:
(United States, Mexico, and Canada.) : North America
(Brazil etc.) : South America
(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia) : Asia-Pacific
(Turkey, Germany, Russia UK, Italy, France, etc.) : Europe
(GCC Countries and Egypt.): The Middle East and Africa
Any Questions? Feel Free To Enquire Here. We will Put You On The Right Path: https://marketresearch.biz/report/bicycle-parking-rack-market/#inquiry
Reasons To Buy:
Analysis of market with recent trends and SWOT analysis
Market dynamics, with growth opportunities of the market in the years to come
Analysis of market segmentation, including quantitative and qualitative research, including the impact of economic and non-economic aspects
Country and regional level analysis integrating the supply and demand
What is the purpose of the requirements for bicycles?
This regulation increases the safety of bicycles by establishing, among other things, requirements for assembly, braking, protrusions, structural integrity and reflectors. Bicycles that fail any of the requirements are banned under the Federal Hazardous Substances Act.
Where can I find the requirements for bicycles?
The requirements are in the Code of Federal Regulations (CFR) in Title 16, Part 1512.
What is a bicycle?
A bicycle is defined in §1512.2 as either (1) a two-wheeled vehicle having a rear drive wheel solely human-powered; or (2) a two- or three-wheeled vehicle with fully operable pedals and an electric motor of less than 750 watts (1 h.p.), whose maximum speed on a paved level surface, when powered solely by such a motor while ridden by an operator who weighs 170 pounds, is less than 20 mph.
The bicycle requirements cover two different types of bicycles. Those with a seat that is more than 25 inches above the ground when the seat is adjusted to its highest position must meet all of the requirements. Sidewalk bicycles – those with a seat height of 25 inches or less – are exempt from some of the requirements or have other alternative requirements. These exemptions and alternatives are marked in bold type in this summary. Please consult §1512.2 of the requirements for more information on how to measure seat height.
Are any bicycles exempt from the requirements?
Yes. Track bicycles designed and intended for use in competition that have tubular tires, a single crank–towheel ratio, and no freewheeling feature are exempt. So are one-of-a-kind bicycles made to the order of an individual without assembling stock or production parts.
How are bicycles tested in general?
Assembled bicycles must meet the requirements of the regulation in the condition in which they are offered for sale. Unassembled or partially assembled bicycles must meet the requirements after assembly according to the manufacturer’s instructions.
Are there any general requirements that bicycles must meet?
(1) Adults of normal intelligence and ability must be able to assemble a bicycle that requires assembly.
(2) A bicycle may not have unfinished sheared metal edges or other sharp parts that may cut a rider’s hands or legs. Sheared metal edges must be rolled or finished to remove burrs or feathering.
(3) When the bicycle is tested for braking (§1512.18(d) and/or (e)) or road performance (§1512.18(p) or (q)), neither the frame, nor any steering part, wheel, pedal, crank, or braking system part may show a visible break.
(4) Screws, bolts, and nuts used to fasten parts may not loosen, break, or fail during testing.
(5) Control cables must be routed so that they do not fray from contact with fixed parts of a bicycle or with the ends of the cable sheaths. The ends of control cables must be capped or treated so that they do not unravel.
(6) A bicycle may not have any protrusions within the
Do you want to make money moving humans and goods from one place to another? If YES, here are 50 low maintenance transportation business ideas with high profit in 2020.
Large transportation companies enjoy economies of scale as regards purchasing and the ability to provide a more extensive service. Small transportation businesses can compete better in local and regional areas. The industry is largely fragmented with 40% of revenue generated by 50 largest firms.
If you are looking for a business in the transportation sector, then here are 50 lucrative business ideas for your consideration;
50 Best Transportation Business ideas & Opportunities in 2020
- TRICYCLE TRANSPORTATION
The opportunities for the tricycle transport business are enormous. This stems particularly from its unique features and advantages. Its portable nature, route flexibility, convenience for charter service, maintenance efficiency, durability/life span among others adds up to its tremendous business opportunity.
The establishment and creation of new route for tricycles across the state is a contributing factor. The business is practiced in almost all part of the world.
Although the tricycle can be ridden interstate, it’s restricted to intra-state operations because of the high risk involved in inter-state movement. The business is a lucrative one as it has tremendous opportunities for expansion. The threat already posed to the private commercial buses will give rise to the surge in demand for tricycles as against bicycles.
You can consider the trucking business. There are large chunks of imported goods that need to be transported to several towns and cities until they reach the small retailers and final consumers. Trucking and haulage are the vital links that connect imported, manufactured, and cultivated goods to final consumers like us. Without these heavy-duty trucks and tankers, commerce may somewhat be at a halt.
- BECOME A TRAFFIC CHANNEL OPERATOR
Generally we get traffic updates from the FM channels. Establishing a radio channel dedicated for traffic updates is a highly potential career for today’s world. Engaging the Government traffic professionals in your channel to keep the people updated will give your career an extra boost towards the success. Even though this is capital intensive in the short run but a profitable long-term career.
- PRIVATE JET CHARTER BUSINESS
While some of us wouldn’t mind to hop on the economy section of a plane, some people cannot be caught dead traveling ‘economically’, they would rather go business/first class. And there are also some that wouldn’t even be caught dead boarding a public plane at all; they want their own private plane for comfort, privacy and luxury purpose and because they cannot be bothered with the flight delays, cancellations and general unreliability of airline companies. As a private jet charter company, you have to know who your customers would be.
- BECOME A CAR HIRER
The car rental career is a very lucrative career, especially when you are located in a strategic place especially a city with huge population, commercial centers and entertainment outfits. The vehicles you hire to customers must meet higher safety
Before you start using an automobile for your business, address these financial considerations first.
3 min read
Opinions expressed by Entrepreneur contributors are their own.
When using a vehicle for business purposes, there are a variety of issues to consider: Should you use a personal or business vehicle? Should you have the company reimburse you for business-related expenses? How should you deduct your mileage?
As with any aspect of your business and personal lives, it’s important to keep vehicles and the related expenses separate. The type of vehicle arrangement that will be most financially favorable depends on your particular situation. Here are five things to consider:
1. The driver–Who will be driving the vehicle for business? Will it be the owners, the employees or both? You obviously have more control over your driving behavior than that of your employees. If your employees have a poor record, this could affect your insurance rates and overall liability exposure and costs.
Insurance rates automatically increase when you add coverage for your employees. It will also fluctuate depending on whether employees drive their own cars for business purposes or drive company vehicles. Your agent needs to understand the details of your situation so he or she can make the best recommendation and ensure you’re covered appropriately.
You assume additional liability when allowing employees to drive for your business. Not only do you need to consider adequate insurance coverage, but also the liability you are taking on should anything happen to your employee or a third party using a vehicle. Accidents are an unfortunate fact of life, and you need to prepare for the “what-ifs” to protect your business.
2. Taxable business expenses–What is considered a legitimate business expense? If you have a business vehicle, you shouldn’t drive it for personal use. Otherwise, you may need to claim some of the vehicle’s value as 1099 income.
If you drive a personal vehicle for business use, you need to track the mileage that is business related. The government allows a monetary value per mile that is considered “a reasonable business expense” for tax purposes. There are two options for deducting automobile expenses: the per diem rate or the actual expenses you incur. For most, the per diem is the most favorable option. Talk with your personal accountant to find out what is appropriate for you. Visit www.irs.gov for the current per mile allowable rate.
3. Financial statements–Financial statements will show only the assets owned by the business. That means personal vehicles are not listed as assets. If the vehicles are business assets, their cost, accumulated depreciation and any related liability will appear on the balance sheet.
4. Property taxes–Property taxes for the vehicles are often different for personal and business considerations. The titling of the vehicle
Mar 06, 2020 (The Expresswire) —
Global “Automotive Fuel Delivery and Injection Systems Market” is a comprehensive research that provides information regarding Automotive Fuel Delivery and Injection Systems market size, trends, growth, cost structure, capacity, revenue and forecast 2025. This report also includes the overall study of the Automotive Fuel Delivery and Injection Systems Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Automotive Fuel Delivery and Injection Systems industry and provides data for making strategies to increase Automotive Fuel Delivery and Injection Systems market growth and effectiveness.
Get a sample copy of the report at-https://www.industryresearch.biz/enquiry/request-sample/15318473
The Global Automotive Fuel Delivery and Injection Systems market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Automotive Fuel Delivery and Injection Systems market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
Scope of the Global Automotive Fuel Delivery and Injection Systems Market Report:
- The global Automotive Fuel Delivery and Injection Systems market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 2.6% in the forecast period of 2020 to 2025 and will expected to reach USD 21300 million by 2025, from USD 19220 million in 2019.
- The Automotive Fuel Delivery and Injection Systems market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
Global Automotive Fuel Delivery and Injection Systems market competition by TOP MANUFACTURERS, with production, price, revenue (value) and each manufacturer including
- Denso Corp
- Lucas TVS Ltd.
- Continental AG
- Delphi Automotive Plc
- Hitachi Automotive Systems Ltd.
- Robert Bosch GmbH
- MSD Ignition
- Ti Automotive Inc.
- Magneti Marelli S.P.A
- Edelbrock LLC
Among other players domestic and global, Automotive Fuel Delivery and Injection Systems market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. The analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Enquire before purchasing this report-https://www.industryresearch.biz/enquiry/pre-order-enquiry/15318473
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Throttle Body Fuel Injector
- Direct Fuel Injector
- Sequential Fuel Injector
- Port Fuel Injector
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and Automotive Fuel Delivery and Injection Systems market growth rate for each application, including
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Vehicle
Transportation is a major contributor to the economy and a competitive force in business. It is the activity that physically connects the business to its supply chain partners, such as suppliers and customers, and is a major influence on the customer’s satisfaction with the company. This chapter illustrates the role of transportation in the logistics function, the supply chain, and the larger economy.
This chapter is from the book
Transportation is among the more vital economic activities for a business. By moving goods from locations where they are sourced to locations where they are demanded, transportation provides the essential service of linking a company to its suppliers and customers. It is an essential activity in the logistics function, supporting the economic utilities of place and time. Place utility infers that customers have product available where they demand it. Time utility suggests that customers have access to product when they demand it. By working in close collaboration with inventory planners, transportation professionals seek to ensure that the business has product available where and when customers seek it.
Transportation is sometimes to blame for a company’s inability to properly serve customers. Late deliveries can be the source of service problems and complaints. Products might also incur damage while in transit, or warehouse workers might load the wrong items at a shipping location. Such over, short, or damaged (called OS&D) shipments can frustrate customers, too, leading to dissatisfaction and the decision to buy from a competitor for future purchases.
However, when a company performs on time with complete and undamaged deliveries consistently, this can instill customer confidence and gain business for the company. When a company instills confidence in service performance, it can make customers more reluctant to succumb to competitors’ bids to steal business away through clever promotions and reduced prices.
Aside from its service ramifications, transportation can also represent a substantial cost for the business. The cost of transportation can sometimes determine whether a customer transaction results in a profit or a loss for the business, depending on the expense incurred in providing transportation for a customer’s order. Faster modes of transportation generally cost more than slower modes. So although shipping an order overseas by airplane is much faster than transporting by ship, it can cost as much as 20 times more. Such a cost difference might not justify the use of the faster way of transporting the goods. Supply chain managers must therefore carefully consider the cost of transporting goods when determining whether to move product and how to move product in the most economical manner.
This book supports the learning objectives of the Transportation Management module (Learning Block 5) of the Council of Supply Chain Management Professionals (CSCMP) SCPro Level 1 certification. These objectives are stated as follows:
- Describe the basic concepts of transportation management and its essential role in demand fulfillment.
- Identify the key elements and processes in managing transportation operations and how they interact.
- Identify principles and strategies for establishing efficient, effective, and sustainable
JACKSONVILLE, Fla. – Bicyclists have been out and about more often, as you’re still allowed to go outside and ride your bike during the stay-at-home order issued by Gov. Ron DeSantis in response to the coronavirus outbreak.
Some people told News4Jax biking is a great way to practice social distancing, as well as help small businesses like the ZenCog Bicycle Company in Riverside.
The shop said they’ve been very busy, not only because of the season but because cycling is allowed during the stay-at-home order.
“People really love bikes right now and it’s, like, I haven’t seen it in a long time,” said ZenCog owner Garfield Cooper. ”We’ve been selling a ton of used bikes. Everybody wants a bike. It’s also spring, so we’re getting a little spring rush, plus a little bit of everybody store crazy rush.”
Ryan Traher stopped by Monday for repairs to his bike.
“I’m getting some fenders on the wheels to minimize splash. I’m getting a bike rack so I can go and get groceries,” Traher explained. “At the same time, you know, people want to get out and exercise and biking is a great way to do that.”
The shop, which is considered an essential business that’s allowed to stay open because it supports transportation services, is keeping customers outside for safety.
“(We can) maintain some social distance at the same time and still support them,” Traher said.
Cooper said the store has been backed up for more than a week, and that it’s a good problem to have.
“We always have been essential. I’ve seen it bicycling do amazing things. I’ve seen people drop their medications in half just by paddling an hour a day,” Cooper explained.
Cooper said the shop is not only keeping customers outside, but they are working with their employees to make sure they are comfortable, as well.
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