Management of fleet vehicles requires creativity
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Microchip shortages have staggered the auto industry for the past year. The lingering effects of the pandemic are still taking a toll and microchip shortages have caused major supply issues with vehicles, vehicle parts, and more. These shortages are having significant impacts on fleet management.
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Difficulties With Ordering
One of the key problems that all car service businesses are facing at the moment is the inability to order new vehicles. Manufacturers are unable to produce enough microchips, meaning fewer cars can be built. At the moment, there simply is not enough supply to meet industry demands. This can lead to problems if you are trying to serve new markets or if you are in an area experiencing record high car demands. Being unable to access new cars can severely limit your ability to service your clients.
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Difficulties with Repairs
When your fleet vehicles need repairs, you might not be able to get access to the parts that you need. If the replacement part involves a microchip or a computer-related part, you could be waiting for months. This delay may make it difficult to keep all of your vehicles in service. This is a more common issue than you might realize, which is why it is recommended to stay ahead of your fleet needs by ordering parts as soon as possible and having all vehicles maintained regularly.
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Limitations When Trying to Access Luxury Models
If you have been working to expand into new markets and are trying to up your game with luxury vehicles, you might not be able to at this time. Luxury vehicles are a difficult area to attend to as they are one of the hardest vehicle types to order and repair during this shortage. Luxury cars tend to need even more specialized parts than regular fleet vehicles, and luxury car makers are struggling to keep up with demand.
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Lack of Used Cars on the Market
Many fleets rely on used vehicles for their operations. This is a hard time to add these cars to your fleet as well, since there are so few cars for sale right now, despite the dramatic increase in buyers. Not being able to access used vehicles is likely to be a fleet management issue for at least the next quarter, Capital Lease Group may be able to help with one of our vehicle leasing programs.
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There has never been a more difficult time for businesses trying to manage and maintain fleet vehicles. From shortages in the new and used vehicle markets to a low supply of parts, it is a very tough time to try to maintain a quality fleet, and we’re not sure it will end any time soon. This shortage is expected to extend into the middle of 2022. It is more important than ever to stay on top of your operations. Capital Lease Group can help you navigate these trying times with our vehicle leasing and maintenance services. Contact us today to learn more!
