The Coronavirus Pandemic has taken a toll on many parts of the economy and fleet sales are feeling the hit. Corporations, rental car companies and even government agencies have not had the same demand for vehicles, and it is threatening jobs.
As the nation continues to navigate COVID-19, states are starting to open back up. Today in Pennsylvania, more counties are moving in to the ‘Green Phase’. The counties in the Green Phase have mitigated the risk for the 14 days required and are allowed to ‘open’ with strongly suggested guidelines from the Governor, Dr. Levine and the CDC.
The onset of COVID-19 ravaged the oil industry and put an abrupt stop to the longest bull market run in history. Oil and gas companies are making massive cuts to combat the low demand as a first step to recovery.