Automotive Lease Guide Announces the Release Of Fleet Vehicle Residual Projections

SANTA BARBARA, Calif., June 17 -- Automotive Lease Guide (ALG) has released a unique residual projection model for vehicles used in commercial and rental fleets.

ALG's Fleet Residual model will for the first time provide fleet professionals with an accurate method to project short term vehicle depreciation, thus providing greater insights into fleet lifecycle cost analysis and allowing professionals to make more educated purchasing and disposition decisions.

The Fleet Residual model bases its analysis upon historical trends of fleet vehicle auction resale performance, factors such as mileage and vehicle condition, incentives (fleet and consumer), vehicle days supply, new car transaction prices, and macro and micro economic variables.

In conjunction with the residuals projected by the Fleet Residual model, ALG also offers Fleet Portfolio Analysis services which provide the customer with current market value, and projected end-of-term value of the fleet vehicle portfolio. ALG fleet-based residuals are available in hard copy guides, as well as electronic data formats.

John Blair, CEO of ALG, indicated that the creation of this product is a response to customer demand, "We have recently seen the vehicle fleet industry place a much greater emphasis upon the accuracy of depreciation forecasting. We created this product to address the influx of inquiries we have been receiving regarding the challenges of forecasting end-of-term value in vehicle fleets."

Automotive Lease Guide, a privately held company in Santa Barbara, California, has been the benchmark for residual values in the United States market since 1964 and Canadian market since 1983. In addition to the new and used guidebooks, ALG provides residual values, analytical data products and consultation to the automotive industry.

ALG has a diversified staff of editors, analysts and information technology specialists who provide products and services to a broad customer base. ALG clients include automotive manufacturers, financial institutions, insurance companies, investment groups, fleet owners, debt rating agencies, and automotive websites.