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The fleet sector is performing stronger than last year, outpacing the rental and government fleet sectors.
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Rental fleets again took the monthly spotlight among the three fleet sectors.
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Once again, higher rental fleet sales come to the rescue making year-to-date sales level a dead break even.
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Fleet costs are up across the board due to inflationary pressures. Acquisition costs have increased with minimal offset from fleet incentives. Interest rates are higher, impacting the lease vs. buy decision and companies requiring outside funding to replace vehicles.
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The rule of thumb has been to replace vehicles before the operating costs trend line starts to exceed that of fixed costs. But what happens when you can’t source replacement vehicles due to order allocation restrictions?
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This week's State of the Fleet Industry video takes a look at vehicle prices and values, acquisition and depreciation costs, interest rates, and other economic factors affecting fleets.
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The program is open to individual fleets (business, local councils, and non-government organizations operating a fleet of at least 10 vehicles) as well as to aggregators (fleet management organizations and private business offering fleet leasing arrangements in NSW).
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As early order banks opened for 2023 models, high order volumes depleted fleet allocations. Most fleet orders must be placed using a controlled allocation system. Here are the challenges facing fleets in MY-2023.
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The FMC’s new report assesses issues impacting fleets, including safety, acquisition, remarketing, and fuel in the U.S., Canada, and Mexico.
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Learn why many fleets are now adopting fleet preservation strategies to overcome the obstacle of sourcing replacement vehicles in this episode of State of the Fleet Industry.
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