June 21, 2021

Historic Milestone in Vehicle Remarketing and Fleet Industries

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The 62nd 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 21, 2021, as analyzed by AF Editor Mike Antich.

 

Today's topics include:

  • The Conference of Automotive Remarketing (CAR) held June 16-17. 2021 makes it the first in-person conference since the start of the COVID-19 pandemic 15 months ago.
  • The DMV license and title process continues to be a pain point for fleets but will accelerate the transition to the digitization of the process.
  • An IIHS study documents a connection between higher crash rates and the decriminalization of recreational marijuana. In the five Western states that decriminalized marijuana, there has been a 4% increase in fatal crashes compared to Western states where it remains illegal.
  • Used-vehicle prices may have peaked are to tracked resale data.

 

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⏱ Timestamps ⏱
0:00 Introduction
0:16 Vehicle Remarketing Historical Milestone
2:11 Endless Backlogs at Individual State DMVs
4:12 Increased Crash Rates of Certain States
5:34 Ongoing Vehicle Inventory Constraints
7:03 New Vehicle Sales Forecast

 

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