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With production levels returning to normal and retail demand only modestly improved, sales to fleet channels have increased dramatically.
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When looking ahead to the next 12 months, it is clear that it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices, in all likelihood, will continue to trend upward and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.
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Today's video looks at strong demand for walk-in cargo vehicles, resulting in longer vehicle lead times; increased contracting for delivery service providers; sustainability as a competitive advantage in last-mile delivery; and how the pandemic accelerated growth in e-commerce.
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Today's video looks at the strong resale values expected for full-size trucks and vans; a continuation of fuel price stability; an increase in transaction prices and unscheduled maintenance expenses; budget constraints on fleet safety programs; and other variables.
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This video looks at how the pandemic has accelerated new fleet safety best practices; ongoing risks of distracted driving; the legalization of marijuana leading to impaired driving; importance of reducing preventable accidents; and budgeting for a fleet safety program.
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This video covers ways to effectively plan a truck engineering meeting, how to ensure assets continue to meet business needs years into the future, best practices for asset standardization (or simplification), and how to develop fleet metrics that satisfy company-wide goals.
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Topics mentioned in this video include: tightening of fleet budgets; the average age of vehicles trending upward; maintenance issues resulting from extending vehicle life cycles; and an increase in driver downtime.
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This video analyzes fleet sales and acquisition trends month over month; flat PM costs as some fleets base oil drain intervals solely on mileage; replacement tire expenses remain flat but increased interest in retreads as a result of cash conservation initiatives; and an uptick in unnecessary idling due to field workers using vehicles for social distancing.
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This video addresses why COVID could impact fleet multi-year purchasing agreements; how OEMs and upfitters recovered quickly during the pandemic; pressure on fleet managers to address new management demands.
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Today's video looks at maintenance and fuel transactions trending up; out-of-stock orders difficult to locate due to low dealer inventory; and certain vehicle classes being hard to source, such as medium-duty trucks, due to high end-user demand.
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