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Five Factors Driving Higher Fleet Maintenance Costs
Forecast: Fleet Costs Will Continue to Escalate

Forecast: Fleet Costs Will Continue to Escalate

Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.

March 29, 2022

Increasing Fleet Expenses are Straining Corporate Budgets

Increasing Fleet Expenses are Straining Corporate Budgets

Despite continued supply chain issues, fleets are tasked with replacing vehicles. In this State of the Fleet Industry video, Mike Antich explores current inventory and ordering challenges, gas prices, fleet maintenance costs and controlling a budget.

March 14, 2022

Inflationary Price Pressures Increase Maintenance Costs

Inflationary Price Pressures Increase Maintenance Costs

Among the factors contributing to increased maintenance expenses has been increased miles driven, supply chain constraint, parts shortages, longer downtime, and a tech shortage exerting inflationary pressures on labor rates.

March 7, 2022

Preventative Maintenance Costs Increase 3-5% in 2021

Preventative Maintenance Costs Increase 3-5% in 2021

A variety of factors converged to exert upward pressure on preventive maintenance costs, such as longer vehicle service lives due to limited product availability, the ongoing transition to synthetic oils, and higher labor rates to attract scarce technicians.

November 1, 2021

Unscheduled Maintenance Costs Increase 3% in CY-2021

Unscheduled Maintenance Costs Increase 3% in CY-2021

Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.

November 1, 2021

Higher Commodity Prices Exert Upward Cost Pressure on Tires

Higher Commodity Prices Exert Upward Cost Pressure on Tires

Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.

October 26, 2021

Impact on Maintenance as Vehicles Idled Due to Pandemic

Impact on Maintenance as Vehicles Idled Due to Pandemic

During calendar-year 2020, fleet maintenance expenses declined year-over-year compared to CY-2019, primarily driven by the COVID lockdowns and customer restrictions on allowing visitors on company premises. In addition, vehicles were under-utilized resulting in unintended additional problems such as flat tires, dead batteries, and rusting brakes.

August 16, 2021

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