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Market Trends

Fundamental Shift in Europe to EVs?

Sales of electric vehicles and plug-in hybrids in Europe earned their second highest ever monthly market share and outsold diesels in August. With 1.32 million units registered since January, it's an increase of 61% year over year.

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Shortcycling Re-emerges to Leverage the Strong Used-Vehicle Market

Today’s used-vehicle market is the best it’s been in the history of fleet management and my anecdotal forecast is for it to remain strong through the balance of 2021 and into calendar-year 2022. As a result of these favorable market conditions, some fleets have begun shortcycling some of fleet vehicles.

Vehicles Remain Popular, But Ownership Need Weakens, Avis Says

According to a mobility report by Avis Budget Group, 82% of respondents said owning a car was still important, but 54% said they are prepared to give up car ownership and rely on long-term rental, on-demand, or subscription services in the future.

Upfitter Backlogs Created by Strong Truck Demand

Strong demand for light- and medium-duty trucks in the 2018 model-year increased order-to-delivery (OTD) times, resulting in widespread upfitter backlogs despite reduced fleet allocation availability due to competing strong retail demand for trucks.

Return of 'Normal' Used-Vehicle Market Demands Seasonal Remarketing Strategy

For the past three years, everyone has been a remarketing genius. The low inventory of used vehicles in the wholesale market helped inflate resale values by about 10 percent. However, as greater volumes of used vehicles begin to enter the wholesale market, vehicle supply will start to meet buyer demand, which will put downward pressure on resale values. In many ways, the new used-vehicle market will demand returning to the basics, namely recognizing the seasonality of the used-vehicle market.

10 Strategies to Curb Medium-Duty Truck Operating Costs

There is ongoing upward pressure on operating costs for medium-duty truck fleets. Factors impacting operating costs are volatile diesel prices, replacement tire costs, and longer service lives, which are increasing maintenance expenses due to component failures, escalating parts prices, and higher labor rates. Here are 10 strategies fleets are employing to mitigate these cost increases.

Resetting Management's Future Resale Expectations

All good things eventually come to an end. So, too, will today’s abnormally high used-vehicle prices. Today's resale values are an anomaly caused by a decrease in used-vehicle inventory in the wholesale market, resulting from the extremely low sales of new vehicles from 2009-2011. You need to educate management that today’s resale values will decline. Otherwise, you run the risk of being management’s future scapegoat for declining resale values due to their misperceptions of the market.

New Liability Exposure: Employee Drivers Using Medical Marijuana

Eighteen states and the District of Columbia have legalized medical cannabis (marijuana) or have decriminalized it. What are the fleet ramifications of drivers operating a company-provided vehicle while using medical marijuana under the care of a physician? What are the corporate liability issues if a driver with a medical marijuana prescription is involved in a preventable accident? Let's address these questions and determine what you can do to minimize your corporate liability exposure.

Poor Truck Ergonomics 'Cramp' Fleet Productivity

A one-size-fits-all approach to truck specifications is an ergonomic minefield, which could have litigious consequences. In addition, there are increased field complaints about “less-than-ergonomic” upfit decisions. Besides health issues, poor ergonomics is also a key contributor to preventable accidents. Proactively resolving ergonomic issues can have a significant impact in reducing workers’ comp costs, improving productivity, and decreasing fatigue-induced driver errors.

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