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10 Ways to Reduce Fuel Spend

10 Ways to Reduce Fuel Spend

Since fuel is a fleet’s largest operating expense, it catches the attention of senior management when fuel prices start to rise as they are today. Here are 10 fuel reduction strategies that you a implement to make a dent in your fuel spend.

April 18, 2021

Forecast of Fleet Maintenance Trends in 2021
Forecast of PM Costs in 2021

Forecast of PM Costs in 2021

The trend of increased PM 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.

November 4, 2020

Warranty Recovery Dollars Decrease After OEM Shutdown

Warranty Recovery Dollars Decrease After OEM Shutdown

More stringent enforcement of OEM-recommended services to qualify for warranty coverage continues. Cash flow issues caused by the pandemic have caused some OEMs to be more tight-fisted with warranty recovery dollars.

November 3, 2020

Low Demand Flattens Fuel Prices in 2020

Low Demand Flattens Fuel Prices in 2020

The largest fleet operating expense is fuel, which traditionally represents approximately 60% of all operating costs. However, the decreased miles driven by fleets during the pandemic was the No. 1 factor contributing to keeping fuel costs flat in 2020.

November 3, 2020

Forecast of Tire Prices in 2021

Forecast of Tire Prices in 2021

The ultimate outcome of the pandemic and the strength of the economic recovery are driving many predictions on future pricing.

November 3, 2020

Multiplicity of Fleet Tire Sizes

Multiplicity of Fleet Tire Sizes

A perennial factor exerting upward pressure on replacement tire costs is the adoption of larger diameter tires and unique tire sizes. The increase in OEM automobile wheel diameters has driven up the price of fleet replacement tires, primarily because the larger the tire, the greater the manufacturing expense.

November 2, 2020

Tire Costs Flat but Expect Higher Prices in 2021

Tire Costs Flat but Expect Higher Prices in 2021

Reduced tire demand and a decrease in overall miles driven have caused tire manufacturing volume to decline in 2020, creating a downstream ripple effect softening commodity prices for natural rubber, but this may change in 2021.

October 29, 2020

Uptick in Mobile Maintenance in 2020

Uptick in Mobile Maintenance in 2020

One trend that is gaining momentum among commercial fleets during the pandemic is the use of mobile maintenance vendors. There has been a substantial uptick in fleet requests for mobile maintenance solutions as fleet managers look to minimize downtime and the administrative burden of taking their vehicle to a repair shop and having the driver wait.

October 27, 2020

Pandemic's Disruption Keeps 2020 Fleet Operating Costs Flat

Pandemic's Disruption Keeps 2020 Fleet Operating Costs Flat

The COVID-19 pandemic divided the fleet market into essential and non-essential businesses, causing hundreds of thousands of company vehicles to sit idle from mid-March to mid-May. The economic shutdown caused miles-driven to plummet.

October 27, 2020

Reduction in Fleet Costs is Temporary and Will Regress to Pre-Pandemic Levels

Reduction in Fleet Costs is Temporary and Will Regress to Pre-Pandemic Levels

The balance of calendar-year 2020 will be a time for major decisions. This includes decisions on staffing levels. Decisions on remote work versus office work. Decisions on whether a company should consider downsizing the square footage of its corporate offices due to reduced staffing needs.

June 16, 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

Forecasting Tire Price Trends in 2020

Forecasting Tire Price Trends in 2020

Most of the subject matter experts that we spoke to expect an increase in tire prices, although predicting future tire costs is difficult due to variables that influence tire pricing.

January 6, 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
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