Need Vehicles? Your Monthly Update

Need Vehicles?
Your Monthly Update
 
August 5, 2020
New vehicle inventory in North America has dropped to extreme lows due to the COVID-19 pandemic and automakers are having a hard time catching up to new vehicle demand.
RECOMMENDATION:
VEHICLE PROCUREMENT MIX

Summit Fleet recommends a mix of tactics that will address immediate, near-term, and 2021 vehicle requirements. While considering timing, it is also important to balance lease commitments with no-commitment rentals to give you flexibility in today's uncertain economy.
Immediate requirements
Short-term Rentals
Dealer stock purchases
Near-term requirements
Rentals & Dealer stocks
2020 Ram 3/4 ton, 1 ton, 5500 (deadline August 14)
2021 requirements
Factory orders placed this Fall for 2021 model year vehicles. Earliest delivery ranges from January to June 2021, depending on make and model (see table below).
WORK-READY RENTAL VEHICLES

Summit Fleet maintains a good supply and variety of upfitted vehicles in our rental inventory at all times.
 
1/2 tons   3/4 tons   1 tons   Deck trucks   Vans   SUV's

FLEXIBILITY WINS ON DEALER LOTS

If you are flexible on manufacturer, specs, and colour, Summit Fleet should be able to find the vehicle models you need. Due to market conditions, dealer markups have increased since February - current average is $3,000 to $4,000.
 
2021 FACTORY ORDER BANKS - OPEN NOW OR SOON

To avoid disappointment, we highly recommend placing 2021 factory orders as soon as the order banks open. The pandemic continues to bring uncertainty that is impacting all aspects of the automotive industry. These orders are expected to hit ground in Q1 or Q2 (see table below).
For details or specific recommendations for your fleet's procurement mix, contact your Summit Fleet Representative or use the links below.
1-855-402-2525
Email us