Economic Conditions - Tagged Posts

Two Industry Indicators Confirming Strong Fleet Activity

In this week's State of the Fleet Industry video, Mike Antich breaks down various economic indicators and their impact on fleets, such as interest rates, the construction and housing markets, supply chain, vehicle inventory, and fuel prices.

State of the Fleet Industry: Potential Fleet Budget Cuts May be Looming

Topics mentioned in this video include, if budget cuts materialize, where will that occur in fleet; recovery of the U.S. economy and what that means for fleets; and potential industry concerns that could impact recovery.

State of the Fleet Industry: Used Vehicle Inventory to Increase in Second Half of 2020

Topics mentioned in today's video includes an outlook of U.S. economic conditions; strong auction sales for the month of July; and a forecasted increase in vehicles in the wholesale used-vehicle market, putting downward pressure on prices.

Video: State of the Fleet Industry Week of July 6, 2020

Topics mentioned in today's video includes: The recovery of the national economy; overview of the Purchasing Managers Index (PMI); fleet and retail sales trends; the results of Automotive Fleet's latest COVID-19 pulse survey; trends in the wholesale used vehicle market; and more.

Most Commercial Fleet Orders for 2021 Models to be at Pre-Pandemic Levels

A number of commercial fleets are planning to order fewer fleet vehicles in MY-2021, but the majority of surveyed fleet managers state there will be no change in order volumes and will stick to pre-existing replacement schedules.

Transportation Industry Lags Behind Overall GDP Growth

While the overall economy grew at a steady rate in the second quarter, the transportation segment lagged behind as demand for goods and their subsequent transportation of goods was much weaker than in other sectors.

Fleet Managers Worry About Technology, Drivers, and Economic Conditions

Fleet operators are most worried about keeping up with fleet management technology, shortages of qualified drivers, and a possible economy slowdown, according to a survey from TD Bank.

Ongoing Strong Economy to Bolster 2020-MY Fleet Orders

The majority of fleets report new-vehicle acquisitions will continue to be elevated due to strong business growth, comparable to MY-2019, with most forecasting an increase or continuation of similar order volume in MY-2020.

IRS Depreciation Limit Update Should Minimally Impact Fleets

The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.

Owner Operators See Cautionary Economic Outlook for Rest of 2019

ATBS President and CEO Todd Amen said that owner-operators can still have a successful 2019 if they are willing to recognize that “the world has changed.”

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