If you’re in the throes of budget planning right now, ask yourself these five questions to make sure your plan is solid and set up for success.
As fleet costs increase across the board and incentives reduced, budgets become negatively impacted. Get more insight into how higher resale values are offsetting this trend in this State of the Fleet Industry video.
Topics discussed include the double-digit percentage increase in the sale of EVs in CY-2020; a review of the Top 300 fleets committing to transition to all-EV fleets; a review of recently announced EV products by OEMs and FMC electrification initiative; and challenges and headwinds of operating an EV fleet.
Today's video looks at chassis availability and long lead times for products; new commercial EVs catching the interest of commercial fleets; major fleet safety initiatives impacted by budget constraints; and how the work-from-home business model raises concerns about fleet utilization and rightsizing.
Topics mentioned in this video include a look at the strong August U.S. jobs report and purchasing manager index (PMI); commercial fleet ordering declines in August 2020; how company budget cuts may have impacted fleet sales; and rightsizing considerations due to an increase in virtual communications with customers and prospective customers.
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.
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