June 7, 2021
Fleet Recovery to Pre-Pandemic Levels Slower than Anticipated
The 60th State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market as presented by Automotive Fleet Editor Mike Antich.
Today's topics include:
- Benchmarked are total fleet miles driven – industry-wide – to gauge the vitality and recovery of the fleet industry to pre-pandemic levels.
- Since February 2020 fleet data was the last “normal” month prior to the pandemic, it is the baseline benchmark to gauge the fleet industry’s rate of recovery.
- While fleet activity is recovering month-over-month in CY-2021, it is not a V shape recovery.
- Fleet’s rate of recovery to pre-pandemic levels of activity is occurring much slower than anticipated.
⏱ Timestamps ⏱
0:20 Benchmarking the Recovery of the Fleet Industry
1:41 Three Best Indicators of Fleet Vitality
2:26 Examining Total Miles Driven 2021
4:02 Comparing Total Miles Driven YoY
5:01 Examining Total Number of Trips
6:45 Examining Miles Driven Per Day
7:45 The Implications of the Data
Make sure you're signed up for the Automotive Fleet Newsletter so you don't miss another State of the Fleet Industry video.