Trends brought to you by Element – Q4 2022 Insights
November 17, 2022
2 minutes
Geopolitical factors have led to supply chain issues, high inflation rates, and an overall environment of uncertainty. Keep up with evolving market developments to effectively manage fleet costs, with Trends brought to you by Element.
Download the Q4 2022 report for key trends and recommended actions, as it relates to sustainability, acquisition, fuel, and safety.
Discover 4 major fleet trends to inform your strategy
#1. Sustainability: Develop a charging infrastructure plan for fleet electrification.
New federal investments will increase public charging infrastructure. Creating a plan with expert consultation will help you to identify the best charging solutions for your fleet.
#2: Acquisition: Place your orders as soon as the order banks open.
New-vehicle inventory remains tight, despite production improvements and slower sales. Place orders early and be flexible with requirements.
#3: Fuel: Review fuel budget with your finance team and plan for a buffer.
Global oil supply disruptions and reduced oil production continue to impact rising fuel prices. Implementing a fuel management program can help to reduce fuel costs.
#4: Safety: Consider vehicle selectors according to new advanced safety features and plan for seasonal safety.
Couple safety policies with the adoption of crash avoidance technologies to increase driver safety. Consider seasonal safety as part of a comprehensive safety program.
Stay up to date, download the latest edition of our quarterly market report, Trends brought to you by Element.
Trends brought to you by Element Q4 2022
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