February 23, 2021
State of the Fleet Industry: Trends in Rising Fuel Costs
The 45th State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market as presented by AF Editor Mike Antich.
Topics discussed included how severe weather conditions have impacted automotive assembly plants & last-mile delivery shipments across the U.S.; a rise in gasoline prices due to the severe weather conditions, increased travel resulting from increased distribution of COVID-19 vaccines, and the rollout of stimulus monies; and how inflationary pressures in the economy could prompt corollary measures to increase interest rates to combat inflation, which would result in higher fleet vehicle acquisition costs.
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