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Mike Antich discusses the concerns over early fleet vehicle orders, the microchip shortage, and his 7 acquisition strategies to mitigate supply constraints in this episode of State of the Fleet Industry.
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The global semiconductor shortage is reaching construction contractors and other service businesses that use small work trucks. Auto makers are prioritizing high-margin vehicles for the retail market as they try to stretch chip supplies across their factories.
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Hear about where new-vehicle inventory is, the effect of strong retail demand, and how used-vehicle prices are at an all-time high.
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Learn about the parts shortages extending beyond fleet to impact companies’ core businesses, prices trending upward for fuel and replacement tires, and how commodity prices are increasing across the board.
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The microchip shortage, multi-sourcing supply chain confusion, and industry prioritization are the topics of this State of the Fleet Industry episode.
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This shortage is causing OEMs to reduce, or in some cases even stop, vehicle production, as they find it more difficult to procure semiconductors and electronics. As a consequence, this global shortage of semiconductors promises to further increase lead-times for affected vehicle models.
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