EV Proliferation to Put Downward Pressure on ICE Residuals – Operations

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February 15, 2022

This episode is sponsored by:

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Be taught extra concerning the Circle K Fleet Card.

 

The 81st State of the Fleet Trade video produced by Automotive Fleet provides an up to date take a look at the state of the fleet market as offered by AF Editor Mike Antich.

 

🎙Right now’s matters embrace:

The current blockade of the Ambassador Bridge signifies that there continues to be a number of choke factors all through the automotive provide chain each right here and overseas.Product availability constraints is forcing fleets to increase automobile providers lives that’s leading to an uptick in unscheduled upkeep.Fleet upkeep prices have elevated with a rising issue being inflationary worth pressures on commodity costs and labor charges.Early glimpses from Europe present EV proliferation beginning to put downward stress on ICE automobile resale values.

⏱ Timestamps ⏱

0:00 Intro






1:20 Provide Chain Choke Level






2:48 250K Misplaced Manufacturing in CY-22






3:43 Inflationary Strain on Upkeep Prices






4:15 Labor Charge Inflation






4:35 CPI Inflation Highest in 40 Years






4:58 “Market Adjustment” Euphemism






6:16 EV Impression on ICE Residuals

 

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