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Growth in 2022 and 2023 will be driven by utility and light-duty trucks, such as vans in the U.K. and pickup trucks in the U.S.
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Take a look at the state of the fleet industry with Automotive Fleet as it relates to the growing concerns around fleet allocation for 2023 vehicles, order banks, and continued supply chain challenges.
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The board discussed OEMs and mobility, increased manufacturing and leasing costs, limited buying incentives, and more. The next GFAB meeting will be held in person on 06 June in Miami prior to the start of the Global Fleet Conference.
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A global partner of the automotive manufacturing industry, Bosch offers a reliable supply chain based such resources as robust purchasing teams and advanced electronic warehousing capabilities.
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The 88th State of the Fleet Industry video takes a deeper look at the impact the war in Ukraine is having on the global fleet industry.
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Globally, Russia is the fourth largest producer of finished aluminum. Today’s geopolitical tensions caused by the Russo-Ukraine War will exacerbate pre-existing constraints for commodities such as aluminum and natural gas.
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Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.
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According to the Volvo Group, the slowdown has nothing to do with the war in Ukraine.
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While some are thrilled to have retired from a tumultuous industry, most are neck-deep in a desert of pent-up demand, increased commodity and oil prices, and the after effects of the Ukraine/Russia conflict, the effects of which remain to be seen.
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Australia's Centre for Future Work published a report citing EVs as an "enormous opportunity" to create thousands of jobs, advancing the supply chain, and diversifying the export economy.
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