June 14, 2021
The Good and Bad of Inventory Constraints
The 61st State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market for the week of June 14, 2021, as analyzed by AF Editor Mike Antich.
Today's topics include:
New-vehicle inventory at 23-days as of June.
Strong retail demand is putting downward pressure on the number of incentives offered.
Low inventory is causing buyers to shop for used vehicles as an alternative.
Used-vehicle prices at record levels.
⏱ Timestamps ⏱
0:19 Market Trends Over the Last Year
0:56 Inventory of New Vehicles Decreasing
1:51 This Has Happened Before
2:46 The Good News of Low Inventory
3:53 Significance of Used Vehicle Price Increases
5:27 Ongoing Impact of the Microchip Shortage
6:13 The Value of the Fleet Manager
📰 Make sure you're signed up for the Automotive Fleet Newsletter so you don't miss another State of the Fleet Industry video.