Vehicle supply issues are still far from any sort of solution, as escalating China-Taiwan tensions risk further shortages
Hoppe said: “We have seen the average price of vehicles has increased by more than 10% over the last year [and this] is a consistent trend across the brands [and] all segments. [Fleet managers] have to deal with two problems: one, getting the vehicles [they] need, and second the cost has gone up significantly.”
There is no short-term solution. Semiconductor fabrication plants take “up to three years” to build, the conflict in Ukraine is ongoing, and escalating tension between China and Taiwan is the “biggest risk” ahead, Hoppe said. Around 90% of the most advanced semiconductors are made in Taiwan. In turn, fleet managers must adapt quickly, he stressed, including extending contracts, standardising vehicle specification and adding new manufacturers and technologies –Hoppe also advised proactive maintenance to minimise fault-related downtime, and optimising remarketing strategies to capitalise on strong used values, noting that alternative mobility options could meet some employees’ travel needs.
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