Lack of Vehicle Availability a Continuing Challenge for Fleets in CY-2023

AF Editor Mike Antich presents the 120th State of the Fleet Industry video, produced by Automotive Fleet, offering insights into the state of the commercial fleet market.

🎙Today's topics include:

• Fleet managers anticipate vehicle availability will incrementally increase in calendar-year 2023, but this will be partially offset by the fact that total end-user demand will continue to exceed vehicle availability.
• OEM fleet ordering allocation systems are limiting fleet buyers to fewer vehicles than they requested, causing unordered vehicles to be carried over to the next model year.
• Ultimately these units that have been carried over into the next model-year will need to be replaced. But eliminating this pent-up demand will take a while.
• Eventually, the industry is going to find equilibrium between vehicle production and end-user demand, but unfortunately that doesn’t look like it will happen in calendar-year 2023.

📰 Sign up for the Global Fleet newsletter.

🤝 Follow and connect with Global Fleet on social media!

• Connect with Global Fleet on LinkedIn.
• Like Global Fleet on Facebook.
• Follow Global Fleet on Twitter.

🎧 Prefer to listen? Check out our podcast!

• Subscribe on Apple Podcasts.
• Follow on Spotify. 
• Subscribe on Google Podcasts.

⌚ Timestamps ⌚

0:00 INTRO

0:27 Fleet managers anticipate vehicle availability will incrementally increase in calendar-year 2023

1:00 OEM fleet ordering allocation systems are limiting fleet buyers

1:26 These units that have been carried over into the next model-year will need to be replaced

5:20 Eventually, the industry is going to find equilibrium between vehicle production and end-user demand