Chris Brown sits down with Mark Hazel of S&P Global Mobility to analyze the latest vehicle registration data affecting the fleet industry.
Hazel explains how 2024–2025 played out as a “flat” year overall — but with dramatically different outcomes across vehicle classes. Light-duty segments saw growth fueled by strong demand in construction and service industries, while medium- and heavy-duty fleets were hit hard by tariff uncertainty.
The conversation also explores how powertrain trends are evolving. While EV adoption continues, it remains concentrated in specific use cases, such as last-mile delivery. Meanwhile, gasoline vehicles have increased share over time, diesel has declined slightly, and hybrids are emerging as a potential growth area in the commercial space.
🧭 Topics Discussed
Light-duty growth vs. medium/heavy-duty decline
Fleet demand driven by construction and service sectors
EV adoption realities in commercial fleets
Hybrid powertrain growth potential
Fleet consolidation and private equity influence
Medium/heavy-duty rebound forecast
Emerging role of autonomy in long-haul trucking
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