Now’s the Time

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.
 
WHY NOW?
  • 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
  • Rent-to-own/lease
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.
1-855-402-2525
Email us