The 110th 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:
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⌚ Timestamps ⌚
0:00 Intro
1:30 Higher Interest Will Persist & Cause “Pain”
1:50 Potential to Tip Economy Into a Recession
2:14 Construction Market is a Leading Economic Indicator
2:35 Fastest Housing Market Contraction Since 2006
3:34 Supply Constraints Getting Building Materials
3:45 Construction Costs Increased More Than Expected
4:08 Building Projects Delayed
4:22 Staff Shortages Due to Low COVID Vaccination Rates
5:25 Decreased Compact Van Choices
7:20 Ongoing Decline in Gasoline Prices
8:21 Fuel Demand Softened at $5 per Gallon
8:36 Lower Crude Oil Prices in Global Market
8:54 Release of Oil from Strategic Petroleum Reserve
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