August 16, 2022
Fleet Sourcing for 2023MY Remains Tough; Less Vehicles Available & Incentives Dwindling
In Automotive Fleet’s 108th video episode of State of the Fleet Industry, gain insight into the state of the fleet market as presented by AF Editor Mike Antich.
Order-to-delivery times have increased for trucks and vans, which, in turn, has increased demand for long-term rentals, especially when a vocational vehicle is damaged in an accident.
Pricing is another sore point with almost all fleet managers as fleet incentives have decreased.
An ongoing trend is the bundling of related services into the new-vehicle sales prices.
Multi-year vehicle sourcing constraints have caused some companies to reconsider or delay business expansions, especially when the fleet vehicle is the primary revenue-generation tool.
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⌚ Timestamps ⌚
2:27 Longer Lead Time for Trucks
2:55 Increase in Long-Term Rentals
3:22 New-Vehicle Pricing Concerns
4:28 Bundling of Services with New-Vehicle Pricing
5:15 Sourcing Constraints Impact Business Plans
6:17 Drivers Question Safety of Extended Life Vehicles
7:22 Future Resale Value of Extended Life Vehicles
7:50 Microprocessor Shortage Impact on Option Packages
8:48 Uncertainty About Future Aluminum Prices