2024 US Inflation Forecast
For the majority of 2023, inflation ran red-hot, impacting virtually every aspect of fleet operations. While it has begun to cool slightly in 2024, inflation remains top of mind for most fleet managers and is perhaps the biggest x-factor in planning for 2025.
Following several years of turbulence and macroeconomic challenges, 2024 finally brought some signs of relief for most fleet operators. Inflation cooled; interest rates declined; and the supply chain continued to improve. With many of these headwinds now in the rearview mirror, most fleet operators now find themselves working to ensure their business is well positioned to capitalize on favorable conditions as we head into 2025.
With that in mind, Holman’s Consulting Services team has complied an in-depth analysis of how the latest industry trends and economic conditions are affecting fleet operations. Holman’s comprehensive 2024 Inflation Update report highlights how factors such as interest rates, new vehicle pricing, fuel and maintenance costs, and secondary market conditions are poised to impact each phase of the vehicle lifecycle – buy, drive, service, and sell.
Download Holman’s 2024 U.S. Inflation Update report today for the insight and tangible advice you need to position your fleet for success in 2025 and beyond.
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