When looking ahead to the next 12 months, it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices will likely continue to trend upward, and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.
Outside Forces Disrupting the Fleet Market
This State of the Fleet Industry episode covers the impact of the parts shortage, revelations of the pandemic on the auto industry, as well as what's causing the supply chain disruption.