April 20, 2021
State of the Fleet Industry: New Disruptions Emerge as Fuel Prices Continue to Rise
The 53rd 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.
Today's topics include:
- The U.S. Energy Information Administration (EIA) forecasts nationwide average gasoline prices to increase 71 cents per gallon this summer. California flirts with $5 per gallon regular gasoline.
- Ongoing automotive microprocessor shortage forecast to extend to year-end 2021, perhaps longer. First quarter of 2021 model-year orders to be impacted by microchip shortage.
- New concerns emerge about potential supply chain constraints for rubber-related products.
- Used-vehicle resale values continue to experience week-over-week increases helping to reduce fleet depreciation expenses.
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