Economic Trends | 2023

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Turbulent economic conditions and inflationary pressures continue to impact virtually every aspect of fleet operations. Whether it is rising interest rates, inconsistent supply chain performance, or fuel price fluctuations, these trends significantly influence operating costs and understanding the implications of these variables is crucial. Holman’s Economic Trends report highlights how these factors impact your fleet through each stage of the vehicle’s lifecycle – buy, drive, service, and sell – and provides the insight you need to optimize your fleet strategy and control costs while adapting to continued economic uncertainty.

Leveraging both internal data and external resources, Holman’s Consulting Services team offers a comprehensive analysis of how inflationary pressures are affecting fleet expenses, providing valuable insights to the challenges faced in each stage of vehicle management, including:

• Buy – Persistent inflation and unreliable supply continue to make buying fleet vehicles a challenging task; learn more about the factors driving these market conditions so you can make informed buying decisions and adjust your acquisition strategy.
• Drive – Fuel costs often account for the majority of a fleet’s operating budget; get the latest data on fuel prices and forecasts for the remainder of 2023 along with a look at the factors that are contributing to continued volatility so you can allocate your budget accordingly.
• Service - Fleet maintenance costs have increased due to various factors, such as parts and labor shortages, and rising commodity prices; learn how you can best equip your fleet to overcome these conditions and better control operating costs.
• Sell - Want to maximize your returns through remarketing? Learn how to take advantage of the current resale market and choose the right time to sell your assets by gaining expert insight and advice from the analysis.

Download Holman’s Economic Trends | 2023 today for the tangible advice you need to navigate these ongoing economic headwinds and position your fleet for continued success throughout 2023 – and beyond.

By Holman (Formerly ARI)