May 10, 2022
Higher Residuals Offset Increased Cost Pressures on Fleet Budgets
The 93rd State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market as presented by AF Editor Mike Antich.
🎙Today's topics include:
- Fleet costs have been increasing across the board that are negatively impacting fleet budgets.
- Incentives have been dramatically reduced or eliminated, which is increasing the net acquisition cost for every fleet vehicle.
- The reduction of fleet incentives programs has created a level playing field for non-traditional fleet OEMs to make inroads into the fleet market.
- Higher resale values are offsetting the decrease in fleet incentives.
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Originally posted on Automotive Fleet