March 28, 2022

State of the Fleet Industry: The “Rip Van Winkle” View of Today’s Fleet Market

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The 87th 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 fleet industry has experienced more change past 24 months than any time in its 83-year history since its founding in 1939.

  • The growing consensus is that the impact the COVID will have a greater and longer impact on fleet than initially expected.

  • Difficulties sourcing replacement vehicles will extend to the 23 model-year and may be to 2024 model-year.

  • Average capitalized cost of a fleet vehicle increased from $34,000 to $39,000 in calendar-year 2021.

 

Timestamps
0:00 Intro
3:38 Massive change in the fleet industry within the last 24 months
4:15 Impact of COVID on the fleet industry
7:30 Difficulties sourcing replacement vehicles will continue
7:59 Increased capitalized cost

 

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