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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

Top 7 Maintenance Trends in CY-2021 and CY-2022

Top 7 Maintenance Trends in CY-2021 and CY-2022

Fleet car and truck maintenance costs have been trending upward during the first half of the 2021-calendar year as total fleet miles driven have increased in response to a recovering economy compared to 2020-CY. Prior to this, work-from-home mandates and the idling of non-essential fleets exerted downward pressure on fleet maintenance costs as fewer business miles, in the aggregate, were driven.

August 15, 2021

Passenger Vehicle Maintenance Spend Increased 4% in CY-2019

Passenger Vehicle Maintenance Spend Increased 4% in CY-2019

Average repair cost per unit increased in 2019, primarily due to higher labor rates. Also, PM costs were up as more units require more expensive synthetic oil. Tire price per unit, on average, increased 3% in the past 12 months.

March 17, 2020

Forecasting 2020 Motor Oil Lubricant Prices

Forecasting 2020 Motor Oil Lubricant Prices

The ongoing trend of increased costs per service will continue as more and more vehicles requiring conventional oil are taken out of service and replaced with models that require synthetics.

January 8, 2020

Severe Skilled Technician Shortage Triggering Higher Shop Labor Rates

Severe Skilled Technician Shortage Triggering Higher Shop Labor Rates

The vehicle maintenance and repair industries are experiencing a skilled labor shortage as technicians in the Baby Boomer demographic retire in greater numbers than those replacing them. The skilled labor shortage requires shops to pay more for skilled technicians, which translates into higher shop labor rates.

January 7, 2020

Forecast of Fleet Maintenance Costs in CY-2020

Forecast of Fleet Maintenance Costs in CY-2020

Higher labor costs will continue to increase the maintenance spend for routine repairs in 2020, especially at service facilities located in high-cost-of-living metro areas.

January 6, 2020

Fleets Concerned About Rising Operating Costs
Upward Pricing Pressuring Fixed and Operating Costs

Upward Pricing Pressuring Fixed and Operating Costs

Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.

December 13, 2019

Labor Shortage Increases But Economic Uncertainty Emerges

Labor Shortage Increases But Economic Uncertainty Emerges

The robust economy is creating record numbers of new jobs and a subsequent labor shortage that is being exacerbated by the large wave of Baby Boomer retirements, but some see uncertainty of future market conditions.

December 11, 2019

Higher Labor Rates Pushing Up Total Fleet Maintenance Costs

Higher Labor Rates Pushing Up Total Fleet Maintenance Costs

More complex vehicle technology, higher labor rates due to the ongoing skilled labor shortage, higher tire prices, and increased use of synthetic motor oils are putting upward pressure on overall fleet maintenance costs.

October 18, 2019

Fleet Oil Drain and PM Costs Increase Again in 2019

Fleet Oil Drain and PM Costs Increase Again in 2019

More OEMs are adopting more stringent motor oil requirements for new models increasing total PM costs, year-over-year, as more vehicles are required to use synthetic oils, which cost more than mineral-based oils.

October 18, 2019

Replacement Tire Costs Increased 8% in 2018

Replacement Tire Costs Increased 8% in 2018

Upward cost pressures on replacement tires have emerged in 2018, due to higher cost for the commodities used to manufacture tires and the trend to larger diameter 17- to 18-inch wheels, which are more expensive to replace.

February 26, 2019

Maintenance Spend Increased 3-5% in 2018

Maintenance Spend Increased 3-5% in 2018

Average repair spend per unit increased 3-5% in calendar-year 2018, primarily due to higher labor rates and part prices. Also, PM costs were up due to the shift to more expensive synthetic oil and higher replacement tire prices.

February 26, 2019

Synthetic Oils, Higher Labor Rates Increase Preventive Maintenance Costs
Higher Motor Oil Prices Nudge Preventive Maintenance Costs Up

Higher Motor Oil Prices Nudge Preventive Maintenance Costs Up

Citing the higher cost of crude oil, many major manufacturers of finished lubricant products increased prices from 5% to 8% in CY-2018. Plus, each model-year, more OEMs require the use of more expensive synthetic motor oils.

November 30, 2018

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