February 7, 2023
Model Availability Derails Fleet Standardization but Signs Emerge that Sourcing is Improving
The 131st 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:
- Ongoing sourcing constraints have disrupted fleet standardization strategies.
- When businesses are forced to source different models, it creates inefficiencies by operating an irregular fleet of service vehicles.
- Multiple signs are emerging that sourcing constraints are receding – increased dealership inventories, dramatic decrease in “build shy” units, and OEMs are increasing new-vehicle production.
- Headwinds include an ongoing limited availability of vans and full-size pickups and huge pent-up need to extended life vehicles when companies were unable to source replacement units.
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⌚ Timestamps ⌚
0:29 Disruption of Fleet Standardization Strategies
2:20 First Glimpses in Fleet Sourcing Improvements
2:34 Report: GM Projects Nearly Full Production in CY-2023
2:46 Dramatic Decrease in “Build Shy” Units
3:07 Dealer Inventory Steadily Increasing
4:09 Some OEMs Reopen Fleet Order Banks
5:18 Stubborn Sourcing Headwinds Will Persist