Need Vehicles? Your Monthly Update

Need Vehicles?
Your Monthly Update
 
Updated September 11, 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 vehicle requirements in 2020 and 2021. While considering timing, it is also important to balance lease commitments with no-commitment rentals to give you flexibility in today's uncertain economy.
2020 Vehicle Requirements
Short-term rentals
Dealer stock purchases

2021 Vehicle Requirements
Factory orders
earliest delivery Q1 2021
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

To avoid disappointment, we highly recommend placing 2021 factory orders NOW. The pandemic continues to bring uncertainty that is impacting all aspects of the automotive industry. 

Even if pricing is not available for some models, ordering now puts you towards the front of the production line. Manufacturers typically increase pricing by 2-3% every year. Chances are, 2-3% won't influence which vehicle spec meets your performance requirements.
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