July 5, 2022
Initial Vehicle Quality Declines Due to Supply Constraints
In Automotive Fleet’s 102nd video episode of State of the Fleet Industry, gain insight into the state of the fleet market as presented by AF Editor Mike Antich.
- J.D. Power says initial new vehicle quality is the lowest in 36 years due to supply constraints.
- “Lost production” of cars that cannot be built due to supply constraints to increase 800,000 units in CY-2022.
- Auto industry sales forecasts for CY-2022 lowered by all major research companies.
- Refundable deposits increase percentage of duplicated EV reservations for different models and OEMs.
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⌚ Timestamps ⌚
0:28 J.D. Power: Vehicle Quality Declines in 2022
0:56 11% Increase in Reported Problems for 2022 Models
4:19 Persistent Supply Constraints Adds to “Lost Production”
6:20 Sales Forecast Lowered for CY-2022
8:03 245 New Models by 2026: (60% will be BEV/Hybrid)