Increased Fleet Activity and an Ongoing Strong Used-Vehicle Market

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The 55th 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:  

• April 2021 fleet mileage data shows a strong uptick in fleet activity and vitality. 
• All tracked industry segments are showing increased fleet activity compared to the same time last year.  
• More semiconductor CEOs are warning the automotive microchip shortage may extend into the 2022 calendar year.
• The shortage of today’s new vehicles portends a shortage in tomorrow’s used vehicles. When buyer demand exceeds used-vehicle inventory, it will put upward pressure on resale prices, indicating the potential of a strong used-vehicle market in the coming years.

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