EV sales showed strong month-over-month gains and surging used EV demand, while tighter inventory and declining prices narrowed the gap with gas-powered vehicles.
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Topics mentioned in today's video includes the recovery of the commercial fleet market; resurgence of COVID-19 uncertainty; fuel price trends; strong demand in the wholesale resale market; the reopening of in-lane auction bidding; and CARBs new mandate for zero-emissions trucks.
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There is ongoing pressure to contain fleet costs due to corporate cost-cutting initiatives. Pressure for spend reductions is occurring at all levels within corporations, and fleet operations is simply another department mandated to cut costs. Reducing fleet costs is a constant, never-ending struggle for all fleet managers.
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The most recent run-up in fuel prices and its ongoing price volatility is the top challenge facing fleet managers. Other ongoing issues are cost-control, sustainability, and minimizing liability exposure, such as distracted driving.
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Compensatory strategies to reduce fuel costs involve the adoption of a multi-prong strategy. This includes downsizing to smaller displacement engines, implementing idle reduction programs, and modifying driver behavior.
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In a survey of commercial fleet managers, the top challenges in 2012 will be fleet cost-reduction mandates, fuel price volatility, difficulty greening fleets, fleet safety, and increasing driver productivity.
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