Fleet managers are being challenged by out-of-control new-vehicle acquisition and repair costs. Auto parts prices have reached unreasonable levels that no procurement manager could ever have fathomed five years ago.
Ongoing Vehicle Sourcing Constraints Aggravated by Higher Fleet Costs
Difficulty sourcing replacement units continues to be an ongoing pain point. Likewise fleet costs are up. Compared to CY-2020 vehicle acquisitions costs are approximately 19% higher while maintenance and fuel increased 25-40%.