A good synopsis of today’s commercial fleet market is exemplified by a fleet manager who said: “Everything costs more and it takes longer to get.” Sourcing constraints persist due to restrictive OEM fleet allocation ordering.
Fleet Budgets Strain to Cope with Increasing Fleet Costs
Fleet costs are up across the board due to inflationary pressures. Acquisition costs have increased with minimal offset from fleet incentives. Interest rates are higher, impacting the lease vs. buy decision and companies requiring outside funding to replace vehicles.