Fleet Demand Expected to Exceed Vehicle Availability in CY-2023

The 120th 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:

• Fleet managers anticipate vehicle availability will incrementally increase in calendar-year 2023, but this will be partially offset by the fact that total end-user demand will continue to exceed vehicle availability.
• OEM fleet ordering allocation systems are limiting fleet buyers to fewer vehicles than they requested, causing unordered vehicles to be carried over to the next model year.
• Ultimately these units that have been carried over into the next model-year will need to be replaced. But eliminating this pent-up demand will take a while.
• Eventually, the industry is going to find equilibrium between vehicle production and end-user demand, but unfortunately that doesn’t look like it will happen in calendar-year 2023.

Make sure you're signed up for the AF newsletter so you don't miss another State of the Fleet Industry video.

📰 Sign up for the Automotive Fleet newsletter.

🤝 Follow and connect with Automotive Fleet on social media!

• Connect with Automotive Fleet on LinkedIn.
• Like Automotive Fleet on Facebook.
• Follow Automotive Fleet on Twitter.

🎧 Prefer to listen? Check out the State of the Fleet Industry podcast!

• Subscribe to SOTFI on Apple Podcasts.
• Follow SOTFI on Spotify. 
• Subscribe to SOTFI on Google Podcasts.

⌚ Timestamps ⌚
0:00 Intro

0:27 Will vehicle availability incrementally increase in 2023?

1:00 OEM ordering allocation systems limit fleet buyers

1:26 Units been carried over into next MY will need to be replaced

5:20 Finding an equilibrium between vehicle production and user demand