The Source for Multinational Fleet Professionals
May 23, 2022

Fleet Meet: Analysis of Escalating Fleet Costs in Europe and North America

This new biweekly Fleet Meet video series is co-produced by Automotive Fleet and Fleet360 to compare and contrast fleet trends occurring in both Europe and North America. The discussion is co-hosted by Hans Damen, managing partner of Fleet360, who is based in Europe; and Mike Antich, editor, Automotive Fleet magazine, who is based in the U.S. and follows North American fleet market trends in the U.S., Canada, and Mexico.

 

🎙Today’s topics include:

  • Escalating fleet costs are occurring simultaneously in Europe and North America that are impacting fleet operations in the two regions.
  • Key factors driving higher fleet costs are reduced manufacturer incentives, inflationary prices, a trend to higher interest rates, upward pressure on commodity prices, and a sharp increase in fuel prices.
  • Both markets are transitioning to EVs away from ICE vehicles, with Europe in the forefront.
  • Separate forecasts are provided about future used-vehicle market conditions in Europe and North America.

 

Email your comments and suggestions for future topics of Fleet Meet so we can address them!

 

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🎧 Prefer to listen? Check out the State of the Fleet Industry podcast!

 

Originally posted on Automotive Fleet

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