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Midsize pickups are providing financial appeal with their lower acquisition cost, more favorable fuel consumption, and maintenance costs that won't break fleet budgets.
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Fleets continue to use tried and true methods to curb fuel spend, but as technologies evolve and new trends arise, staying on top of new developments in the industry becomes essential as well.
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The Automotive Fleet & Leasing Association (AFLA) has released recordings of its Forum on Big Data, which addressed topics surrounding big data that touched on driver safety, operational efficiencies, and total cost of ownership.
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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.
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Vincentric has identified the 2019 vehicles that provide the best value for fleets to own over a three-year time period. The list includes Nissan and Infiniti with 11 awards and Kia with seven.
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Vehicle depreciation accounted for 32.9% of the total cost of ownership over the past 12 months, which continues a three-year trend of declining depreciation costs, according to a new study from Motus.
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Total cost of ownership for vocational truck fleets is trending upward, primarily due to higher fuel prices, increased maintenance costs due to higher labor rates and parts prices, and commodity-driven increases in tire prices.
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A vehicle’s total cost of ownership is comprised of its fixed costs, operating expenses, and depreciation per year or during the course of its service life, minus its anticipated resale value. During the course of a vehicle’s service life, TCO is subject to change due to a vehicle’s age and numerous external factors, which has a direct bearing on replacement policies.
Read More →The Automotive Fleet & Leasing Association has opened registration for its Forum on Big Data, which has been scheduled for March 19.
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Federal Reserve Chairman Jerome Powell announced the fourth interest-rate hike of the year while downgrading central bankers' expectations for economic growth in 2018 and 2019.
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