Rising fuel prices, the microchip shortage, and the used-vehicle resale market are some of the main topics of discussion in this State of the Fleet Industry episode.
Topics discussed include the ongoing supply constraints and impact on fleet OTD; analysis and forecasts of the shortage of automotive semiconductors; and growing concern about rising fuel prices.
Today's video covers ongoing vehicle supply constraints in both the fleet and retail markets; upward pressure on fuel prices; and production slowdowns due to ongoing shortage of microchips impacting orders of 2021-MY vehicles.
Today's video looks at how severe weather conditions have impacted automotive assembly plants and last-mile delivery shipments across the U.S.; and a rise in gasoline prices due to the severe weather conditions, increased travel resulting from increased distribution of COVID-19 vaccines, and the rollout of stimulus monies.
Topics include how fuel prices may be impacted by a potential increase in the federal and state fuel taxes and an increase in CAFE fuel efficiency standards; how rising commodity prices may impact the price of fleet products; and how the ongoing global shortage of microchips is slowing vehicle production and increasing lead times.
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