2022 Q2 Updates

3 min to readIndustry Updates
Stay up to date with industry news and our recommendation as your partner in fleet.
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Vehicle Acquisition

Model Year 2023 continues to bring challenging market conditions, but our teams are ready to share our expertise, analysis, and best practices to help navigate you through ordering. Be sure to contact your CS Representative as you prepare!

Current Market Conditions:

General MotorsGM will have allocation for the following models

Silverado/Sierra order banks open May 26, 2022 - GM has increased capacity but still expects early cutoff. Chevrolet Traverse and GMC Acadia are now cutoff due to heavy order volume – any orders placed for these models after May are at risk of cancellation.

FordFord will have allocation for the following models – expected to lessen the order “rush”

ToyotaToyota will have allocation on all models

StellantisAt this time, they have not released any information regarding the 2023 MY, but they are expecting late order bank opening

SubaruAt this time, no order banks are opening. Crosstreks opened mid-June, and all others will open late July to late August

Order as early as possible and be flexible! We expect to see supply pressures continue throughout 2022 and possibly early 2023. Remember to check out our Manufacturer Date Manuals to stay up to date with all order cut off and start up dates.

Repairs & Rental Vehicles

As the time to repair vehicles increases due to part and technician shortages – Length of Rental Vehicles (LOR) continues to increase and is beginning to attribute to an overall rental shortage.

LeasePlan is working closely with our strategic partners to ensure we can handle changes in demand

As we enter vacation season, we can expect this will cause additional pressures. Try to be as proactive as possible if you know a rental vehicle may be needed.

License & Title

Maintenance & Repair

Published at April 2, 2022
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April 2, 2022
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