Fleet Meet: Analysis of Escalating Fleet Costs in Europe and North America

This new biweekly Fleet Meet video series is co-produced by Automotive Fleet and Fleet360 to compare and contrast fleet trends occurring in both Europe and North America. The discussion is co-hosted by Hans Damen, managing partner of Fleet360, who is based in Europe; and Mike Antich, editor, Automotive Fleet magazine, who is based in the U.S. and follows North American fleet market trends in the U.S., Canada, and Mexico. Today’s topics include: Escalating fleet costs are occurring simultaneously in Europe and North America that are impacting fleet operations in the two regions. Key factors driving higher fleet costs are reduced manufacturer incentives, inflationary prices, a trend to higher interest rates, upward pressure on commodity prices, and a sharp increase in fuel prices. Both markets are transitioning to EVs away from ICE vehicles, with Europe in the forefront. Separate forecasts are provided about future used-vehicle market conditions in Europe and North America. Email your comments and suggestions for future topics of Fleet Meet so we can address them! 📰 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.