Fleet Demand Expected to Exceed Vehicle Availability in CY-2023

The 120th 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 anticipate vehicle availability will incrementally increase in calendar-year 2023, but this will be partially offset by the fact that total end-user demand will continue to exceed vehicle availability.
• OEM fleet ordering allocation systems are limiting fleet buyers to fewer vehicles than they requested, causing unordered vehicles to be carried over to the next model year.
• Ultimately these units that have been carried over into the next model-year will need to be replaced. But eliminating this pent-up demand will take a while.
• Eventually, the industry is going to find equilibrium between vehicle production and end-user demand, but unfortunately that doesn’t look like it will happen in calendar-year 2023.

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