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15 Predictions that will Impact the Fleet Market in CY-2022

15 Predictions that will Impact the Fleet Market in CY-2022

When looking ahead to the next 12 months, it is clear that it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices, in all likelihood, will continue to trend upward and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.

November 20, 2021

Fuel Prices Trending Upward: Longevity of Rise Uncertain

Fuel Prices Trending Upward: Longevity of Rise Uncertain

This special report over five articles provides an in-depth examination of 2021 operating cost trends for fuel spend, scheduled/unscheduled maintenance, replacement tire prices, PM spend, warranty recovery, and a forecast of CY2022 expenses.

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.

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.

October 28, 2021

Extended Cycling & Part Shortages Stress Warranty Recovery in 2021
Preventive Maintenance Costs Increase 3-5% in 2021

Preventive 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.

October 27, 2021

Extended Cycling & Part Shortages Stress Warranty Recovery in 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

Preventative Maintenance Costs Increase 3-5% in 2021

Preventative Maintenance Costs Increase 3-5% in 2021

Many factors converged to exert upward pressure on PM 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.

October 26, 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, causing repair spend to increase in 2021

October 26, 2021

The Future of Fleet is Growth Through Change

The Future of Fleet is Growth Through Change

David Madrigal, executive vice president for Element Fleet Management, spoke with Automotive Fleet to discuss the fleet industry's current challenges during the COVID-19 pandemic and what the future may hold post-COVID.

October 17, 2021

Four Ways to Minimize Upfit Lead Time

Four Ways to Minimize Upfit Lead Time

Upfitting a vehicle is a process that requires thought and consideration. It is essential that fleet managers and all suppliers collaborate on upfits. In the final analysis, there are four proven strategies that will expedite OTD for upfits.

October 11, 2021

Unprecedented Supply Constraints Disrupt 2021 OTD

Unprecedented Supply Constraints Disrupt 2021 OTD

There were a slew of OEM‐related ordering, production, and cancellation challenges. Throughout the model-year, there were large shifts in buildout times as well as a number of post‐buildout cancellations of accepted orders.

October 11, 2021

Driver Engagement & Cross-Department Collaboration

Driver Engagement & Cross-Department Collaboration

All stakeholders — from senior management to local supervisors — should be engaged in fleet safety. To ensure success, senior leadership must support the initiative and communicate that support to everyone within the organization.

September 27, 2021

The Negative Consequences to Driver Reimbursement

The Negative Consequences to Driver Reimbursement

A recurring question is whether it makes business sense to provide company vehicles to employees or to reimburse them for the use of their personal vehicles. Here are 30 reasons why reimbursement may not be the best choice.

September 27, 2021

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