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As many of us are watching fuel prices and commodities, these new trends bring about uncertainty and volatility.
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This special report will provide an in-depth examination of 2021 operating cost trends for fuel spend, scheduled/unscheduled maintenance, replacement tire prices, PM spend, warranty recovery, and a forecast of CY2022 expenses.
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Rising fuel prices, the microchip shortage, and the used-vehicle resale market are some of the main topics of discussion in this State of the Fleet Industry episode.
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Topics discussed include the ongoing supply constraints and impact on fleet OTD; analysis and forecasts of the shortage of automotive semiconductors; and growing concern about rising fuel prices.
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Today's video covers ongoing vehicle supply constraints in both the fleet and retail markets; upward pressure on fuel prices; and production slowdowns due to ongoing shortage of microchips impacting orders of 2021-MY vehicles.
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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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Topics include how fuel prices may be impacted by a potential increase in the federal and state fuel taxes and an increase in CAFE fuel efficiency standards; how rising commodity prices may impact the price of fleet products; and how the ongoing global shortage of microchips is slowing vehicle production and increasing lead times.
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