2023 Q1 Updates

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

Current Market Conditions

New model ordering: Opening

2024 Make / Model
Open Date
GMC Terrain*
Chevrolet Equinox*
Subaru Crosstrek*
Subaru Impreza*
Subaru Legacy*
Subaru Outback*
Toyota Grand Highlander
Cadillac XT5 and XT6*
Lincoln Nautilus
Volkswagen Atlas*
Cadillac CT4 and CT5*
Chevrolet Blazer*
Ford Edge
Chevrolet Malibu*
Chevrolet Trailblazer*
*Allocation pre-approval by OEM required

New model ordering: Closing

2024 Make / Model
Open Date
Chevrolet Silverado EV 1500 Crew*
*Allocation pre-approval by OEM required

Glass Repair Update

Due to increased material, labor, and technology costs, overall glass prices have increased over 4% and recalibration costs have increased over $300.

In an effort to mitigate your fleet downtime by expediting the approval process, we are adjusting the Glass Repair Threshold from your current amount to $1,000. With the ongoing glass shortage, adjusting the repair threshold ensures we can source the necessary materials quickly and get your drivers back on the road faster.

Drivers from fleets with an adjusted threshold of $1,000 have reported reduced wait times and better experiences with glass repair services, while their average repair costs remain comparable to other fleets with lower thresholds.

We will continue to review all authorizations and estimates to control costs and keep your drivers moving. Should you have any questions regarding this adjustment, please contact your Client Success representative.

Maryland L&T Update

Please remind your drivers in Maryland not to change the address reflected on the DMV website. This is crucial to ensuring on-time renewals.

Previously, Maryland assigned every vehicle a Z number. At the end of last year, they modified their process and now assign FEIN numbers to both the lessee and the lessor. However, when making this change in the DMV system, they did not accommodate for a third address for drivers. Currently only one lessor and lessee address can be assigned to a VIN, and it must be in state.

Maryland DMV has recognized this issue, and they're working to update their system to accommodate an out-of-state lessor, out-of-state lessee, and driver domicile address. However, they're unable to provide an estimated timeframe for resolution.

To prevent confusion, we've set up a temporary mailing address to collect all DMV documents so we can distribute them to the correct driver. Your drivers will see this address reflected in the DMV system and any documents tied to registration.

If your drivers have concerns about the address listed in the DMV system or need a new or replacement plate or decal, please let them know they can reach us at 800-692-6289.

If you have any questions, contact your Account Manager.

Overall Industry Trends for 2023

Read the latest trends in fuel prices, vehicle inventory, and EVs – as well as Cox Automotive's top 2023 predictions – to help you plan for the remainder of the year.

Fuel and diesel prices fall

Vehicle inventory and prices

Electrified Vehicles

Top 2023 predictions from Cox Automotive:

OEM Update and Vehicle Ordering

OEM Update

LeasePlan continues working closely with OEMs to secure vehicles. We suggest placing orders as soon as possible to avoid potential cancelations.

Factory Ordering

OEM Guidance


Service Costs

Vehicle Acquisition

New Model Ordering

High Demand & Increase in Lead Times

Price Increases & Reduced Incentives

Changes to Ordering Process

Our team is ready to share our expertise, analysis and best practices to help navigate you through this challenging time.

Repair Costs and Trends

Rentals and Accident Management

Rental Trends

Accident Management Trends

Published at January 2, 2023
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January 2, 2023
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