{"id":7136,"date":"2023-11-06T18:53:56","date_gmt":"2023-11-06T23:53:56","guid":{"rendered":"https:\/\/ca.holman.com\/ca\/?post_type=post&#038;p=6198"},"modified":"2024-01-09T16:05:43","modified_gmt":"2024-01-09T21:05:43","slug":"optimize-your-fleet-strategy-to-navigate-economic-headwinds","status":"publish","type":"post","link":"https:\/\/ca.holman.com\/ca\/resources\/optimize-your-fleet-strategy-to-navigate-economic-headwinds\/","title":{"rendered":"Optimize Your Fleet Strategy to Navigate Economic Headwinds"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>\t\t\n\t<section class=\"header-variation-section white\">\n\t<div class=''><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/div>\n\t\t<div class=\"variation-inner\">\n\t\t\t<div class=\"header-left\">\n\t\t\t\t<div class=\"header-left-inner\">\n\t\t\t\t\t<h5 class=\"headline-5\"><\/h5>\n\t\t\t\t\t<h1 class=\"page-title headline-1\">Optimize Your Fleet Strategy to Navigate Economic Headwinds<\/h1>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"body-1\"><p>Holman Marketing<br \/>\nNovember 6th, 2023<\/p>\n<\/div>\n\t\t\t\t\t\n\t\t\t\t\t<div style=\"display:flex;justify-content:flex-start;gap:20px;flex-wrap:wrap;\">\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<div class=\"header-right\">\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/ca.holman.com\/ca\/wp-content\/uploads\/2023\/11\/optimize-your-fleet-strategy-to-navigate-economic-headwinds.jpg\" alt=\"a row of white vans\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t<style>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t@media(min-width:991px){.header-right{flex-basis:58% !important;}}\n\t\t\t\t\t\t\t\t@media(max-width:990px){.header-variation-section .variation-inner .header-right .video-box{margin-top:0px !important;padding-bottom:3% !important;}.header-variation-section .variation-inner .header-right .video-box{height:auto !important;border-bottom-left-radius:56px;margin-top:92px;}}\n\t\t\t\t\t\t\t\t<\/style>\n\t\t\t\t\t\t\t\t\n\t<style type=\"text\/css\">\n\t.noscroll{overflow:hidden !important;overflow-y:hidden !important;}\n#form-success, .form-success{height:100%;width:100%;display:none;}\n#success-container{display:flex;flex-direction:column;justify-content:center; margin:0 auto;text-align:center;height:100%;padding:40px;}\n#success-container a{font-weight:500;font-size:12px;color:#0069a7;margin:62px auto 0;text-decoration:none;border-bottom:2px solid #0069a7;}\n#success-container h2{margin:8px auto;color:#0069a7;font-size:24px;font-weight:500;}\n#success-container p{margin:8px auto;font-size:14px;font-weight:400;}\n#success-icon{max-width:60px;margin:0 auto;}\n.wpcf7 .wpcf7-spinner{display:none;}\n\t.noscroll{overflow:hidden !important;overflow-y:hidden !important;}\n\t.btn1.ghost{background-color:white;color:#0069A7;border:1px solid #0069A7;}\n\t.header-variation-section .video-box video-js{height:100%;}\n\n\t\t.btn1\n\t\t{\n\t\t\tbackground-color: #0069A7;\n\t\t\tbox-shadow: 0px 14px 23px rgba(0,0,0,0.08);\n\t\t}\n\n\t\t.btn1:hover\n\t\t{\n\t\t\tbackground-color: #2C9942 !important;\n\t\t\tcolor:white;\n\t\t}\n\n\t\t.btn2\n\t\t{\n\t\t\t background-color: transparent !important;\n\n\t\t\t color: #0069A7 !important; border: 2px solid #0069A7; \n\t\t}\n\n\t\t.btn2:hover\n\t\t{\n\t\t\t background-color: transparent !important;\n\t\t\t\/*background-color: #2C9942 !important;*\/\n\t\t\t color: #2C9942 !important;\n\t\t\tborder: 2px solid #2C9942; \n\t\t}\n\n\/* .header-variation-section .vjs-poster{background-size:cover;} *\/\n.header-variation-section .vjs-tech {\n  position:relative;height:auto;\\;\n}\n\/* .header-variation-section .video-js{\n\tdisplay:contents !important;\n} *\/\n.header-variation-section .video-js .vjs-control-bar{padding-left:45px;}\n\t\t.btn1\n\t\t{\n\t\t\tbackground-color: #0069A7 !important;\n\t\t}\n\t\t.btn1:first-child{margin-left:0;}\n\t\t.btn{box-shadow: 0px 14px 23px rgba(0,0,0,0.08);}\n\t\t\n.btn.ghost{background-color:white !important;border:1px solid #0069A7;color:#0069A7 !important;}\n.btn:hover{background-color:#2C9941 !important; color:white !important; border:none !important}\n.ghost:hover{background-color:#2C9941 !important; color:white !important; border:none !important}\n\/* .header-variation-section .variation-inner .header-right .cloudflare-video{height:61% !important;} *\/\n.header-variation-section .variation-inner .header-right:has(.cloudflare-video){margin-top:auto;margin-bottom:auto;}\n\n\t\t.btn2\n\t\t{\n\t\t\t background-color: transparent !important;\n\n\t\t\t color: #0069A7 !important; border: 2px solid #0069A7; \n\t\t}\n\n\t\t@media (max-width: 575px)\n\t\t{\n\t\t\t.btn1 {width: 100% !important; margin-top: 20px !important;}\n\t\t\t.btn2{margin-left:0px !important; width: 100% !important; margin-top: 20px !important;}\n\t\t}\n\n\t<\/style>\n\t<\/section>\n\n\t\n\t\n\n    <section class=\"wysiwyg\" id=\"\">\n        <div class='inner'>\n            <p>Turbulent economic conditions and inflationary pressures continue to impact virtually every aspect of fleet operations. Whether it is rising interest rates, inconsistent supply chain performance, or fuel price fluctuations, these trends significantly influence operating costs, and understanding the implications of these variables is crucial.<\/p>\n<p>Fleet stakeholders throughout North America are trying to forecast the impact rising costs will have on their fleet expenses as the calendar flips to 2024. With that in mind, Holman&#8217;s Ed Powell recently highlighted some of the top challenges across each stage of the vehicle&#8217;s lifecycle &#8211; buy, drive, service, and sell.<\/p>\n<p>The article from\u00a0<a href=\"https:\/\/www.supplypro.ca\/features\/fleets-and-inflation\/\" target=\"_blank\" rel=\"noopener\"><em>Supply Professional<\/em><\/a>\u00a0examines how macro-economic trends are affecting fleet operations and offers a summary of the in-depth advice found in\u00a0<a href=\"https:\/\/www.holman.com\/resources\/ebook\/economic-trends-full-version\" target=\"_blank\" rel=\"noopener\">Holman&#8217;s Economic Trends report<\/a>. In the article, Ed highlights the impact inflation and an unreliable supply chain have had on vehicle prices and lease payments.<\/p>\n        <\/div>\n    <\/section>\n    <style>.wysiwyg{margin-top:0 !important;}<\/style>\n\n\n    <section class=\"quote-testimonial\" id=\"\">\n        <div class=\"inner\">\n            <div class=\"quote-testimonial-quote\">\n                <div class=\"body-1\"><p>&#8220;Driven by vehicle price increases and surging interest rates,\u00a0<strong>monthly lease payments have increased by nearly 40 percent since 2020<\/strong>. For perspective, a fleet with an annual acquisition budget of $1 million could finance about 135 vehicles in 2020. Today, that budget could accommodate roughly 95 vehicles.&#8221;<\/p>\n<\/div>\n            <\/div>\n            <div class=\"quote-testimonial-author\">\n                                <div class=\"quote-testimonial-text\">\n                    <h6 class=\"headline-6\">Ed Powell<\/h6>\n                                            <h6 class=\"headline-6\">Director, Consulting Services<\/h6>\n                                    <\/div>\n            <\/div>\n        <\/div>\n        <style>.quote-testimonial{margin:25px 0 !important;} .quote-testimonial .inner{padding:25px 0 !important;}\n        @media (max-width: 1300px){.quote-testimonial{margin:25px 0 !important;} .quote-testimonial .inner{padding:25px 0 !important;}}\n        <\/style>\n    <\/section>\n\n\n    <section class=\"wysiwyg\" id=\"\">\n        <div class='inner'>\n            <p>Ed also touches on the spike in maintenance costs &#8211; up as much as 30 percent &#8211; and highlights the importance of adhering to recommended preventative maintenance (PM) schedules as vehicles remain in services longer and costs continue to rise.<\/p>\n        <\/div>\n    <\/section>\n    <style>.wysiwyg{margin-top:0 !important;}<\/style>\n\n\n    <section class=\"quote-testimonial\" id=\"\">\n        <div class=\"inner\">\n            <div class=\"quote-testimonial-quote\">\n                <div class=\"body-1\"><p>&#8220;Minimizing PM variability improves reliability, maximizes productivity, and controls operating costs. Minor PMs reduce more significant component failures. When a fleet has high PM variability, maintenance costs and downtime rise as the vehicle ages.&#8221;<\/p>\n<\/div>\n            <\/div>\n            <div class=\"quote-testimonial-author\">\n                                <div class=\"quote-testimonial-text\">\n                    <h6 class=\"headline-6\">Ed Powell<\/h6>\n                                            <h6 class=\"headline-6\">Director, Consulting Services<\/h6>\n                                    <\/div>\n            <\/div>\n        <\/div>\n        <style>.quote-testimonial{margin:25px 0 !important;} .quote-testimonial .inner{padding:25px 0 !important;}\n        @media (max-width: 1300px){.quote-testimonial{margin:25px 0 !important;} .quote-testimonial .inner{padding:25px 0 !important;}}\n        <\/style>\n    <\/section>\n\n\n    <section class=\"wysiwyg\" id=\"\">\n        <div class='inner'>\n            <p>To read the entire article, be sure to visit\u00a0<a href=\"https:\/\/www.supplypro.ca\/features\/fleets-and-inflation\/\" target=\"_blank\" rel=\"noopener\">SupplyPro.ca<\/a>. You can also download\u00a0<a href=\"https:\/\/www.holman.com\/resources\/ebook\/economic-trends-full-version\" target=\"_blank\" rel=\"noopener\">Holman&#8217;s in-depth Economic Trends report<\/a>\u00a0to learn more about these economic headwinds and how to adapt to optimize your fleet strategy.<\/p>\n        <\/div>\n    <\/section>\n    <style>.wysiwyg{margin-top:0 !important;}<\/style>\n","protected":false},"excerpt":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>","protected":false},"author":5,"featured_media":17427,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[130,99,128,102],"blog-type":[90],"featured":[89],"legacy":[97],"class_list":["post-7136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fleet-management","tag-analytics-reporting","tag-blogs","tag-fleet-as-an-investment","tag-fleet-management","blog-type-blog","featured-no","legacy-yes"],"acf":[],"permalink_manager":null,"_links":{"self":[{"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/posts\/7136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/comments?post=7136"}],"version-history":[{"count":5,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/posts\/7136\/revisions"}],"predecessor-version":[{"id":17886,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/posts\/7136\/revisions\/17886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/media\/17427"}],"wp:attachment":[{"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/media?parent=7136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/categories?post=7136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/tags?post=7136"},{"taxonomy":"blog-type","embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/blog-type?post=7136"},{"taxonomy":"featured","embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/featured?post=7136"},{"taxonomy":"legacy","embeddable":true,"href":"https:\/\/ca.holman.com\/ca\/wp-json\/wp\/v2\/legacy?post=7136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}