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Mike Antich gives his fleet acquisition strategies to follow in order to find the vehicles you need for your fleet in this episode of State of the Fleet Industry.
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Because of the difficulties in sourcing vehicles and long lead times during the 2021 model-year, most commercial fleets say they will acquire more vehicles, but concerns linger about product availability.
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Learn about the importance of building fleet industry relationships and how to leverage them to your benefit in this episode of State of the Fleet Industry Spotlight.
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Today's video looks at how severe weather conditions have impacted automotive assembly plants and last-mile delivery shipments across the U.S.; and a rise in gasoline prices due to the severe weather conditions, increased travel resulting from increased distribution of COVID-19 vaccines, and the rollout of stimulus monies.
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Nearly half of fleets concerned about budget cuts guesstimated cuts would be more than 10%. Another 37% of respondents expected budget cuts of varying percentages.
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Topics mentioned in today's video includes updates on current fleet acquisition strategies for model year 2021; expectations on when fleets expect a return to pre-pandemic activity; the state of the wholesale used vehicle market; and updates on work-from-home protocols.
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Topics mentioned in today's video includes COVID resurgence prompting reconsideration of 2021-MY acquisition volumes; widespread uncertainty voiced by S&P 500 corporations in reluctance to issue full-year earning forecasts; and underlying economic strengths that support vitality of commercial fleet market.
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Topics mentioned in today's video includes: The recovery of the national economy; overview of the Purchasing Managers Index (PMI); fleet and retail sales trends; the results of Automotive Fleet's latest COVID-19 pulse survey; trends in the wholesale used vehicle market; and more.
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Everything fleet does revolves around money: asset acquisition, fuel to operate assets, maintenance to keep assets operational, and myriad other miscellaneous, incidental expenses ranging from tolls, parking tickets, and waste disposal fees to taxes.
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Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.
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