The thirty seventh State of the Fleet Industry video produced by Automotive Fleet takes a look back at 2020, the most challenging year in the history of the fleet industry, presented by AF Editor Mike Antich.
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Topics discussed included the closure of OEM assembly plants and physical auctions; declines in resale values early in 2020 followed by strong residuals through the balance of the year; pandemic-induced flattened operating costs through the year; and the boom in last-mile delivery and e-commerce.
Please also check the upcoming Monday AF Newsletter, on Jan. 4, 2021, for the next video in this video series.
LOR related to insurance claims overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.