Under constant pressure to reduce expenses, the fleet industry has resorted to many strategies, including “rightsizing,” extending vehicle hold periods and increasing fuel efficiency. Now the hope is to prevent accidents through in-vehicle crash avoidance technology and using telematics data. But the industry has yet to fully exploit existing methods proven to save fleets millions of dollars a year. These include systematic ways to save money on collision repairs, reduce replacement rental vehicle expenses, improving recovery of damages from at-fault third-party drivers, and adopting online applications that have cut accident rates by up to 35% by changing driver behavior.
By CEI
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