Welcome to the Summit Fleet Blog. Our goal is to present you with a brief edit of relevant, curated fleet information and ideas.
Now’s the Time
June 22, 2020
Now's the Time
Your Fleet's Relaunch Strategy
June 22, 2020
Along with Alberta's relaunch strategy, now's the time to begin staging your fleet's relaunch strategy and get ahead of the curve.
Secure the vehicles you will need now, before you are disappointed
Sell now while resale markets are hot, and buyers are hungry
Avoid escalating costs of aging vehicles
Maintenance and Repairs
Lost Resale value
Escalating costs by odometer - Cargo vans
DEMAND EXCEEDS SUPPLY
Over the past several weeks, we have seen demand for new and used vehicles grow at an increasing rate. At the same time, supply remains limited and is decreasing fast, especially 1/2 ton pickups.
The Canadian market was facing challenges with vehicle supply well before the pandemic hit.
Reduced Canadian vehicle production due to higher US demand
Rail blockades, GM union strike
Safety checks delaying Ford's new engines
Production plants shutdown for 2 months during the pandemic
COVID-19 brought a drastic decrease in new vehicle sales globally, and unprecedented vehicle manufacturer (OEM) debt.
OEM cost cutting will likely lead to closing of numerous plants
Many new product launches will be postponed
Countless automotive suppliers may not survive
THE GOOD NEWS
On-Ground Stock at Summit Fleet
Work-ready vehicles are available now, including pickup trucks, flat decks, vans, and SUV's. With GM and Ford factory order banks closed, and 2021 models not expected until Q1 of next year, Summit Fleet has you covered.
New and used
Rent, lease, purchase
Resale Markets are Rebounding
Vehicle auctions have reopened, and sale prices have recovered to pre-pandemic results, or close to it depending on make and model. GM pickup trucks fetch top dollar and are leading the pack, Ford is nipping at their heels, and RAM is in third place.
Contact your Summit Fleet Representative or use the links below to get started on your strategic plan and seize the moment.