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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

Containing Fuel Spend Is a Top Fleet Focus Despite Price Stability
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

Operating Costs Inch Up for Second Consecutive Year

Operating Costs Inch Up for Second Consecutive Year

Fleet operating costs increased in CY-2019 due to higher PM costs, ongoing pressure to increase maintenance labor rates to address the widespread tech shortage, and higher prices for commodities to manufacture replacement tires.

October 25, 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

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

Replacement Tire Prices Moderate to Rate of Inflation

Replacement Tire Prices Moderate to Rate of Inflation

Replacement tire prices are driven by raw material costs, which in CY-2019 were less volatile, but higher nonetheless. Tire prices increased slightly higher than the rate of inflation, which was partially offset by improvements in tread wear longevity.

October 18, 2019

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