Trends brought to you by Element – Q2 2023 Insights
June 22, 2023
2 minutes
Inflation rates are down, but they are still well above pre-pandemic levels. With rising prices and inflation, reducing the total cost of ownership has become top of mind for fleet leaders. Streamline operations and leverage expert advice to boost your bottom line.
Get insightful recommendations on fuel, safety, and remarketing in this Q2 2023 Trends report.
Discover 3 major fleet trends to inform your strategy
- Fuel: Promote eco-friendly driving practices and use telematics to achieve fuel savings.
Fuel costs have increased due to seasonal factors, OPEC+ production cuts, and increased demand. Monitor driver behavior and utilize a fuel management solution to minimize costs. - Safety: Take a layered approach and utilize technology to safeguard your fleet.
Vehicle theft is on the rise worldwide as demand outpaces supply. Protect key fobs and deploy tracking and anti-theft devices. - Remarketing: Place orders early as vehicle supply remains low.
It is expected that the used vehicle market will remain constrained, keeping prices high. Monitor price trends of new and used vehicles, as challenges persist with sourcing your preferred assets.
For more trends and recommendations, download our quarterly market report.
Trends brought to you by Element - Q2 2023
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