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After 10 months of spikes, ownership costs have leveled off through the second quarter of 2024.
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A peek inside the 2024 Fuel & Maintenance issue of Automotive Fleet magazine.
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Out of 349 full-size, half-ton pickup configurations, which 2024 models rank the best for depreciation, fuel, maintenance, and overall total cost of ownership?
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According to Vincentric, fleet costs per mile in all five vehicle categories accelerated higher in the first quarter of 2024 compared to the fourth quarter of 2023.
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According to Vincentric, fleet costs per mile for most vehicle categories increased slightly in the fourth quarter, tempered by falling fuel prices.
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After a few months of moderation, fleet ownership costs are rising in the pickup and SUV segments.
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Vincentric’s analysis of ownership data found that 14 of 27 EVs had lower total cost of ownership over five years than their gasoline counterparts.
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Running a simulation that inputs fleets’ vehicle types, routes, and duty cycles can show which ICE vehicles are better candidates for electrification.
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The push to accurately quantify the costs of an EV fleet will depend on line items both fixed and variable, with some yet to be standardized.
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Vincentric enhances it's Cost of Ownership API offerings with electric vehicle data for model years 2020-2023 with about 350 BEV and PHEV configurations in the U.S. and Canada.
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