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.

🎙Topics include:

• 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 ⌚

0:00 Intro

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