SERVICES
Top 7 Maintenance Trends in CY-2021 and CY-2022The 2020 pandemic had far-reaching impacts to including the downward trend of car and truck maintenance costs while vehicles sat idle and were not driven during many of the work-from-home mandates. With efforts to restore the economy, fleets are facing increased maintenance challenges.
Best Practices in Upfitting Aftermarket AccessoriesUplifting vehicles has a market value projected at $290 billion for light-duty vehicles and $390 billion for the medium and heavy-duty aftermarket products in 2021. Determining the right uplift or feature to add is critical for optimizing fleet management.
Used Vehicle Prices Set New Records Amid Tight SupplyVehicle inventory continues to be tight and in July 2021, a new record was set for the average listing price of used vehicles.
Electric Vehicle Growth Closely Tied to DataData is increasingly driving the evolution of electric vehicles. Initially, EV’s early adopters were driven by feeling but the reality of EV’s is clear and the data easily supports it.
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Ford has started announcing more details on its 2022 F-150 Lightning, with targeted horsepower of 563, and the most torque of any F-150 yet at 775 lb-ft. The vehicle is expected to roll off production lines in early 2022 and is a part of the company’s global electric vehicle plan.
In May 2021, used-vehicle values hit an all-time high—but supply stabilized to levels below what had been seen in 2019 and 2020. Used car prices are 15% higher than what was seen in 2019, and 16% higher than 2020 levels.
At face value, an easy way to cut down on capital expenditures it often to defer asset replacements. The problem with this approach though, is that it doesn’t actually achieve the intended goal of cost cutting, but instead shifts expenses to the fixed and operating categories, has vehicles operating outside of the warranty period and creates increased risk for unbudgeted costs.
At face value, an easy way to cut down on capital expenditures it often to defer asset replacements. The problem with this approach though, is that it doesn’t actually achieve the intended goal of cost cutting, but instead shifts expenses to the fixed and operating categories, has vehicles operating outside of the warranty period and creates increased risk for unbudgeted costs.
The new Endurance Alpha Truck is a new all-electric, full-size pickup truck designed specifically for fleets and commercial users, that is still a prototype but gaining a lot of media attention. This new vehicle is still on track to begin deliveries in mid-September, with full production in 2022.
“The number of medium- and heavy-duty electric fleet vehicles sold is expected to grow by more than 100% from 2020 to 2021,” underscoring that the shift to fleet electrification is happening now on a broad scale and expected to accelerate in the years to come.
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