State of the Fleet Industry: The “Rip Van Winkle” View of Today’s Fleet Market

The 87th State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market as presented by AF Editor Mike Antich.

This episode is sponsored by Circle K. Learn more about the Circle K Fleet Card.

Today’s topics include:

• The fleet industry has experienced more change past 24 months than any time in its 83-year history since its founding in 1939.
• The growing consensus is that the impact the COVID will have a greater and longer impact on fleet than initially expected.
• Difficulties sourcing replacement vehicles will extend to the 23 model-year and may be to 2024 model-year.
• Average capitalized cost of a fleet vehicle increased from $34,000 to $39,000 in calendar-year 2021.

Timestamps

0:00 Intro
3:38 Massive change in the fleet industry within the last 24 months
4:15 Impact of COVID on the fleet industry
7:30 Difficulties sourcing replacement vehicles will continue
7:59 Increased capitalized cost

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