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Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
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Fleet order-to-delivery times for model-year 2019 increased in comparison to those in MY-2018. Delays were caused by rail constraints, plant downtimes, truck driver shortages, production capacity strains, and early order cutoffs.
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Emkay has increased its level of support for the Juvenile Diabetes Research Foundation that it has supported for the past 13 years, the Itasca, Illinois-based fleet management company announced.
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Increased fleet orders for trucks and vans created backlogs at upfitter facilities, increasing lead times and missed ship-thrus. A shortage of rail autorack carriers further delayed deliveries. Despite this, order-to-delivery for most units was similar to 2017.
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In his first interview with AF, Greg Tepas discussed his strategic plans to grow EMKAY and offered insight into his long-term views of the commercial fleet leasing market.
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While OTD remained relatively static overall, year-over-year, delivery times were still above the industry average benchmark of 60 days. Quality holds and recalls impacted some high-volume fleet models.
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As John F. Kennedy once said, “History is a relentless master. It has no present, only the past rushing into the future. To try to hold fast is to be swept aside.”
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Key factors causing OTD delays were increased vehicle volumes due to continued auto industry sales growth, lengthy quality holds, parts shortages, ongoing railcar shortages, recalls, plant changes, and weather-related issues.
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Increased labor rates, additional in-vehicle technology, and environmental regulations are increasing truck accident costs.
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Last April’s earthquake in Japan and subsequent tsunami disrupted the automotive supply chain, causing parts shortages, which delayed order-to-delivery times. Extreme weather conditions also impacted vehicle shipments.
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