Fleet Managers Have Low Confidence in Getting All Vehicles Ordered in 2023-MY

The 105th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AFEditor Mike Antich. Today's topics include: Fleet managers need to order more vehicles for the 2023 model-year because of the difficulties in sourcing replacement vehicles in the past two model years. Ordering constraints due to a controlled allocation system and early closure of order banks due to high order volumes quickly depleting fleet allocation is making fleet managers cynical as to whether they will get all of the vehicles they ordered for the 2023 model-year. The shortage of fleet vehicles is beginning to impact the hiring practices as some companies where the vehicle is an integral part of an employee’s job. With higher invoice prices for new vehicles and reduced fleet incentives, some fleets estimate that they have experienced a 5% increase in overall total cost of ownership. Make sure you're signed up for the AF newsletter so you don't miss another State of the Fleet Industry video. 📰 Sign up for the Automotive Fleet newsletter. 🚗 Visit Automotive Fleet for more fleet industry content. 🎥 You can watch these episodes on the Automotive Fleet YouTube Channel! 🤝 Follow and connect with Automotive Fleet on social media! Connect with Automotive Fleet on LinkedIn. Like Automotive Fleet on Facebook. Follow Automotive Fleet on Twitter.