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Total Fleet Maintenance Costs Flat in CY-2020

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Economic Conditions

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.

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.

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.