Wikifleet update: Global Fleet eyes US vehicle leasing footprint
Global Fleet’s Wikifleet page on the United States has been updated and among the changes this time around points out the vehicle leasing footprint in the country.
First of all, lets learn more about the US national fleet. At the start of 2021, some 2.9% of the country’s total car park of 287 million vehicles stemmed from the corporate and government fleet market (not including long-haul trucks).
Of these 8.1 million fleet vehicles, 3.4 million are cars and 4.72 million are trucks, according to Global Fleet’s Wikifleet page on the country.
Regarding automobile fleets of 15 or more, approximately 626,000 are Business fleet and 1.2 million are Government fleet. Meanwhile, 1.6 million are rentals (including vans & SUVs). As for truck fleets, 2.45 million are Business, 1.75 million are Government, and another 525,000 are rentals (not including vans & SUVs).
While the rental of automobiles, vans and SUVs are on the rise (double the 24% market share seen 10 years ago), the rental of trucks are falling (half the 20% market share seen 10 years past). The breakdown, according to fleet type, is corporate (38%), government (36%), and rentals (26%).
In the United States, the commercial leasing of cars is more popular than the leasing of trucks. Although Business Fleets in the country are 75% trucks and 25% cars, some 43.5% of the trucks are leased compared to 72.6% of cars, says Wikifleet USA.
For Government Fleets, which are 59% trucks and 41% cars, leasing is much less common overall. Only 2.4% of cars are leased and 3.5% of trucks. The rest are directly owned by their fleet operator.
Influencing this is the fleet profile of ARI, a fleet management company which primarily operates trucks (91% of total) through non-funded solutions for a slew of clients throughout the country.
Most of the other large fleet management and leasing companies are also truck dominant. For instance, Enterprise Fleet Management (72% trucks), Donlen (58%), and Wheels Inc. (49%).
Poplular fleet trucks in the country include the Ford F-150 and F-250, the Chevrolet Silverado, and the Ram 1500.
Ford F-250 XLT (source: Ford)
"In the United States, our fleet mainly consists of the Ford F-250 and Chevrolet 2500 pickups. We have some ½ ton pickups, but our bread-and-butter vehicles are really the ¾ ton models," Kimberly Fisher (pictured right) said in a Global Fleet interview. She has been recently appointed Director of Global Fleet & Travel for Oil & Energy company NOV.
Most of the corporate fleet in the US come from the telecoms industry, followed by construction firms, food & beverage companies, and then pharmaceuticals and healthcare.
Among those with fleets above 50,000 vehicles are AT&T, UPS, and Fedex, and those between 20,000-40,000 include Comcast, Quanta Services, Charter Communication, Verizon, Pepsico, and Waste Management.
Others with large fleets (10,000-20,000) are Coca Cola, Johnson Controls, Cox Enterprises, Republic Services, AutoZone, Time Warner Cable, ServiceMaster, Tyco International, Labcorp, and State Farm Mutual Auto Insurance.
For more information on the United States and other countries, visit Wikifleet, a collaborative effort by the Global Fleet team covering five regions and nearly 50 countries around the world.