November 21, 2022
Fleet Allocation to Carry Over to MY-2024 for Most OEMs
The 122nd 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:
- Several major OEMs announced during their presentations that fleet allocations will carry over to the 2024 model-year fleet ordering.
- In a fleet allocation environment, most OEMs require pre-approval to place orders based on an allocation determined by a fleet’s past order volumes.
- From a historical perspective, the second-year transition to a fleet ordering allocation system is truly a significant milestone that has never before happened in the history of fleet management.
- In a fleet allocation environment, it is important to get internal approvals for your fleet budget done quickly so you can get OEM allocation approvals as soon as possible.
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⌚ Timestamps ⌚
4:12 History of Fleet Allocation
6:44 Impending Impact of Pent-Up Fleet Demand