Business Mileage

Trends that were already in motion over recent years accelerated in 2020. Delivery is at an all-time high. From restaurants to grocery stores, people are ordering things to be brought to their door. But that delivery has expanded beyond food. And the reasons driving this change are not limited to safety. Delivery may be less risky than eating in a restaurant, but it’s also more convenient. People are discovering the benefits…

Around this time in any dealership lot you should expect to find low prices on previous years models as they make room for new inventory. Up until Spring of 2020, vehicle production and sales were on track for us to see that. The pandemic changed and continues to impact the automotive industry. So what does this mean for vehicle sales and vehicle depreciation? We released the 2020 Vehicle Depreciation Report to answer those…

We started publishing these Mileage Trend Flash Reports back in May so that we could keep a pulse on how business mileage was recovering from the impacts of COVID. Looking back on the past month, we’re seeing that the colder weather and additional COVID restrictions have caused a decrease in week over week business mileage….

We’re well into the fall season and seven months into the pandemic, but still continue to see business activity disrupted in the U.S. given the uncertainties surrounding COVID-19. The severity of the disruption varies by region and industry. Many leaders are monitoring multiple leading indicators of business activity as they make key decisions surrounding how…

October has a reputation as the spookiest month. Darkness falls earlier in the evening and temperatures fall to a bone-chilling cold. We may find ourselves enjoying a scary movie marathon before the Spooktacular celebration of Halloween in its final weekend. With the thoughts of fears and frights, October is also a good time to consider…

After nearly seven months of uncertainty surrounding the U.S. economic recovery, one thing is for certain: reaching pre-COVID levels of business will take a considerable amount of time. And when it does happen, it will occur at varying rates across the country. While the unemployment rate decreased for the fourth consecutive month, the number of…

This year has been far from an easy one for anyone, and, barring alien invasion or the moon exploding, will likely remain a standout for years to come. You might be ready for a new year, but we have several months to go. Opening your eyes to new insights and ideas that can control costs…

California has frequently led with policies that other states follow. On Monday, August 17th, they led again by agreeing with several giants in auto-making on a deal regarding car emissions standards. This deal undermines the Trump administration’s rollback of Obama-era emission standards, which were established in 2012. What does this mean for auto-manufacturing and the…

Today’s pandemic has forced all of us to re-evaluate our schedules, our priorities and our decisions. That includes the business decisions we’ve made to adapt to current circumstances: cutting costs, halting business travel and, in some cases, furloughing and laying off employees. Every company has needed to adapt. Most companies have focused on uncovering cost…

While the positive turn in the May 2020 jobs report took many by surprise, it came as less of a shock to those following business mileage as an indicator of economic growth. After hitting a low point the week of April 5th, business activity began a steady rise that we saw reflected in the numbers…