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Holman's 2023 Fleet Resource - Download Now

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From fleet management and productivity solutions to upfitting, fabrication, and insurance, Holman has the integrated automotive services expertise to keep your business moving.

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With a strategic solution that works for you and your business, you can unlock revenue-generating opportunities and begin managing your fleet as an investment.

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Holman's fleet expertise covers nearly every vertical industry. No matter your field, we can meet your fleet challenges head on.

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Every company has its own unique set of challenges and considerations when it comes to fleet management. Holman offers customizable solutions to fit your needs.

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We have a lot to share. Browse our resources library for current insights, data, strategies, and success stories from our own experts in their respective fields.

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About Us

When Holman was founded nearly a century ago, we set something positive in motion. Our consistent focus on people and our commitment to integrity make us who we are today.

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Cost Management Strategies

Are you looking to get a handle on the effects of cost increases beyond your control? Here are some steps you can take to mitigate the effects of rising expenses.

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Recent news and events regarding economic inflation have led fleet managers and executives to inquire about how these inflationary pressures affect their fleet expenses. As the market continues to fluctuate, Holman BI&A aims to provide an updated status on the conditions relevant to fleet expense. Leveraging both internal and external resources, this analysis provides an update on key market pain points within the four stages of vehicle management– Buy, Drive, Service, Sell.

Key factors identified as causes for rising fleet costs include:

  • Borrowing costs on the rise as Federal Reserve increases rates by ¾ percentage points
  • Vehicle invoice costs continue to rise up to 20% since 2021
  • Manufacturing challenges due to pandemic-related factory shutdowns are beginning to stabilize
  • Amidst semiconductor chip and raw material shortages, light vehicle production is forecasted to grow 5% in 2023
  • Cost of fuel increasing over 67.5% since Q1 2021
  • Maintenance parts are still 10% - 20% higher than the 2020 standard
  • Importance of and planning for extended vehicle lifecycles
  • Black book retention value has increased 38% for used vehicles since 2020

Given these new challenges, it is vital that fleet managers understand the causes and budget accordingly.

For the latest inflation data and other industry news, be sure to subscribe to Holman’s Morning Brake Newsletter.