July 19, 2022
The State of the Upfit Market for Commercial Fleets
The 104th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich.
🎙Today's topics include:
- Impact of supply chain disruptions and delays on the upfit process.
- Upward cost pressure making upfits more expensive.
- Ongoing labor shortage make most upfitters short-staffed.
- Carrier transport constraints and railcar limitations contributing to delivery delays.
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⌚ Timestamps ⌚
1:20 U.S. Gasoline Consumption Declines in Q2 2022
2:24 Decline in Consumption has Nominal Impact on Fuel Prices
3:21 Futures Market for Fuel
4:42 Gasoline Futures Market Declined 9.7%
5:14 Anticipation of a Recession in 2023
6:14 Declining Impact of Higher Fuel Prices on Vehicle Acquisitions