November 22, 2022
Most OEMs to Carry Over Fleet Allocation in MY-2024
AF Editor Mike Antich offers insights into state of the fleet market in the 122nd State of the Fleet Industry video produced by Automotive Fleet.
🎙Today's topics include:
Several major OEMs announced during their presentations that fleet allocations will carry over to the 2024 model-year fleet ordering.
In a fleet allocation environment, most OEMs require pre-approval to place orders based on an allocation determined by a fleet’s past order volumes.
From a historical perspective, the second-year transition to a fleet ordering allocation system is truly a significant milestone that has never before happened in the history of fleet management.
In a fleet allocation environment, it is important to get internal approvals for your fleet budget done quickly so you can get OEM allocation approvals as soon as possible.
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⌚ Timestamps ⌚
4:12 History of Fleet Allocation
6:44 Impending Impact of Pent-Up Fleet Demand