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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.

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.

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