What does auto manufactures shutting down production mean to my business and any orders I have in process?
As you may have heard, several auto manufactures around the world have shut down production as a result of the COVID-19 pandemic. This will have an impact on the fleet business and our valued clients, as factory ordering is often the least expensive means to acquire your new vehicles. We are working closely with our auto manufacturing partners to access as much information as possible on a daily basis about production, order status, and delivery estimates. Obviously, if production is shut down, there will be delays in the delivery of the new vehicles on order. In addition, there may be delays in the supply chain after a vehicle is produced. Once this crisis is behind us, we expect production to resume, but just as it was with shutting down, there could be some delays with production starting up again and some manufactures may elect to defer orders to the next model year, depending on the time they are down. Orders that stay in the system should move up in the production line due to canceled orders. Orders that are canceled and reordered will go to the end of the production line and will result in a substantial delay.
All major Manufacturers have plants currently shuttered to lessen the spread of the virus. Once these factories do come back online, they will start slowly, and it may take a considerable amount of time to get back to 100% capacity. These limitations are from supplier issues and the normal quality control processes in place.
Please click on the link below for the current status by manufacturer.