Automotive Fleet

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Microchips

Construction and Service Industries Impacted by Microchip Shortage

The global semiconductor shortage is reaching construction contractors and other service businesses that use small work trucks. Auto makers are prioritizing high-margin vehicles for the retail market as they try to stretch chip supplies across their factories.

Upward Cost Pressures on Fleet Expenses

Learn about the parts shortages extending beyond fleet to impact companies’ core businesses, prices trending upward for fuel and replacement tires, and how commodity prices are increasing across the board.

Microchip Shortage Increasing Vehicle Lead Times

This shortage is causing OEMs to reduce, or in some cases even stop, vehicle production, as they find it more difficult to procure semiconductors and electronics. As a consequence, this global shortage of semiconductors promises to further increase lead-times for affected vehicle models.

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