There are a number of “hidden” costs to offering employees the personal use of a company vehicles. It negatively impacts the resale value of a vehicles. On average, personal use accounts for 15-18% of the overall miles accumulated during a vehicle’s service life. This blog will explore the various other hidden costs of providing personal use.
April 29, 2021
There’s a direct correlation between vehicle weight and fuel economy. Vehicles get better fuel mileage when not loaded with unnecessary weight. An extra 100 lbs. in a vehicle could reduce mpg up to 2 %. One of the chief culprits responsible for accumulating unnecessary weight onboard a vehicle is drivers.
March 29, 2021
Vehicle abuse is an avoidable fleet cost. This abuse is wide-ranging, running the gamut from damage caused from fluid levels being low, missing PM intervals, driving on underinflated tires to extreme situations of jumping curbs or carelessly scraping the sides of parking structures.
March 18, 2021
The 2022 Bolt EUV expands Chevrolet’s EV lineup as a utility-type vehicle with a range of 250 miles on a full charge. It will be sold alongside the 2022 Bolt EV model. The Bolt EUV is approximately six inches longer than the Bolt EV.
March 2, 2021
Multinational corporations are changing the way they source and manage their vocational fleets to better identify true costs and to leverage opportunities to reduce spend and to maximize the operating efficiency of these specialized vehicles.
February 25, 2021
The 2021 Cadillac Escalade 4WD Sport Platinum is the most expensive model sold by General Motors. But its brand cachet makes it the ideal pinnacle fleet vehicle to help retain high-value senior execs with a high-value luxury SUV.
February 22, 2021
The pandemic has opened Pandora’s box on working from home – both good and bad. While it has yet to be determined whether this is long-term or short-term trend, it will impact fleet operations.
February 10, 2021
Two challenges facing fleets when ordering 2021-model vehicles are longer lead times and tight product availability, particularly with van and truck chassis. Constrained chassis availability was a top concern in CY-2020 and it has continued into 2021
January 7, 2021
Powered by a 5.3L V-8, generating 355 horsepower and 383 lb.-ft. of torque, the engine is paired to a10-speed automatic transmission. It is ideal for off-road work applications and can transport an eight-person work crew with tools and equipment.
January 4, 2021
The 2020 model-year Bolt EV increases its driving range on a full charge to an EPA-estimated 259 miles, which is up by 21 miles over the previous model. In addition, there is an impressive array of driver-assistance technologies.
January 4, 2021
As OEMs design and manufacture their next-gen connected vehicles, there are concerns about disruptions to connectivity that potentially could prevent access to the cloud with the possibility of impacting some vehicle functions.
December 30, 2020
The 2021 Mazda3 is now available with a turbocharge 2.5L engine for its all-wheel-drive model. This offers fleets a new cost effective and fuel-efficient option when selecting a driver reward vehicle that is loaded with safety tech.
December 28, 2020
Fleet management is a very complex profession, and true industry education is learned from on-the-job experience.
December 3, 2020
The key to reducing asset variability is to involve user groups early on and to gain their buy-in by framing the asset simplification discussion as ways to enhance user productivity and safety, and creating cost efficiencies that contribute to P&L objectives.
November 23, 2020
The difference between the most and least efficient drivers is a 30% difference in fuel consumption. Fuel is a fleet’s No. 1 operating expense and the best way to control this expenditure is to modify driving behavior, which is the major variability influencing fuel consumption.
October 27, 2020