State of the Fleet Industry: Good News and Bad News for Fleets
Find out how the microchip shortage is affecting vehicle sales, how OEMs are prioritizing production, and why there's a demand for used vehicles.
Find out how the microchip shortage is affecting vehicle sales, how OEMs are prioritizing production, and why there's a demand for used vehicles.
Watch the 51st State of the Fleet Industry to get commercial fleet vehicles sales updates, understand commercial fleet movement over the last year through miles driven, number of trips, and fuel activity.
Today's topics include: analyzing fleet miles driven, year-over-year, to gauge the current state of the fleet industry; how the container ship that blocked the Suez Canal may affect fleets; and how the emergence of virtual sales managers impact fleets.
Topics discussed included understanding and managing DMV capabilities through the U.S. through the pandemic; overcoming the latest order-to-delivery challenges; and other strategies to help expedite the license and titling processes.
Topics discussed include how the variance between fuel costs and depreciation rates is decreasing; record breaking used-vehicle prices in March 2021; and tight wholesale market inventory through the year-end 2021.
Topics discussed includes if fleets should reevaluate their future vehicle cycling plans; the resolution of the unintended personal-use charge tax consequence on fleets in 2020; and how new accounting lease standards might impact future vehicle lifecycle trends.
Topics discussed in the latest video includes the latest trends in order-to-delivery times and fuel prices, the impact of the $1,4000 stimulus checks on resale values; tire price increases at Goodyear, Bridgestone, and Michelin; and how changes in tax law could help the fleet industry transition to EVs.
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.
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.
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.
Topics discussed include strong demand for new vehicles in the retail and fleet markets; inventory constraints due to high demand for trucks and vans; strong resale values in the wholesale market; and the lingering effects of the shortage of automotive microchips and semiconductors.
Topics discussed include how early order cutoffs of 2021-MY fleet vehicles are impacting spring order volumes; President Biden’s monumental goal to convert the federal fleet of 645,000 vehicles to zero-emission vehicles; and GM’s commitment to eliminating tailpipe emissions from new light-duty vehicles produced by 2035.
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.
Topics discussed included addressing product availability challenges; how to maximize vehicle uptime and efficiency; and how work-from-home company practices will impact fleet business activity.
Check out the latest State of the Fleet Industry video report that discusses GM's creation of its commercial EV brand called BrightDrop and the launch of the EV600 all-electric commercial van; the shortage in automotive semiconductors impacting vehicle production; Wheels’ integration with OnStar data; Cox Automotive expansion into fleet management services; and the entry of Jim Pattison Lease into the U.S. fleet market.
