Q. What are the best practices for fleet managers to follow to acquire new vehicles in a supply constrained environment?
Here are a few best practices that we recommend...
A. While sourcing constraints have improved over the last year, there are still challenges that are restraining production from returning to pre-pandemic levels. Most of the OEMs are hoping to see supply constraints return to normal (pre-pandemic levels) by the 2024 model year. However, due to the decrease in production over the past three years, there is a lot of pent-up demand for vehicles - particularly trucks and vans needed for commercial clients. When OEM production does return to normal levels, we anticipate it taking a few years before the OEMs can work through the pipeline of pent-up demand from commercial clients.
Assistant Vice President of Vehicle Acquisition
Here are a few best practices that we recommend...
Production is wrapping up for the 2022 model year. We expect the original equipment manufacturers (OEMs) to finalize their model year 2022 production plans, including their remaining order cancellations, by the early fall of 2022...
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