March 14, 2023
Top Fleet Management Trends in the Oil & Energy Industry
The 136th 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. In today's episode, we talk with Kimberly Fisher, director of global fleet and travel for NOV Inc.
🎙Today's topics include:
- Fleet acquisition trends in the oil and energy industry – pre-COVID – during the pandemic lockdown – and post-COVID.
- Energy companies have been forced to buy units out-of-stock from dealers due to replacement vehicle scarcity, which is typically above invoice pricing, especially in terms of pricing, and the advent of market price adjustments that dealers are adding on top of MSRP prices.
- With some vehicles being kept in service for more than 200,000 miles, the impact of unscheduled maintenance and other associated costs are substantial.
- The oil and energy business been impacted by labor shortages; however, some innovative programs are attracting workers from other states.
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⌚ Timestamps ⌚
0:48 Fleet acquisition trends pre- and post-COVID
2:40 Energy companies paying high prices
3:48 The impact of unscheduled maintenance
7:14 Innovative programs around the labor shortage