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5 Factors Driving Higher Maintenance Costs

5 Factors Driving Higher Maintenance Costs

Many factors continue to exert upward pressure on fleet maintenance costs (with longer service lives as the primary driver). Also, we’ll look ahead to how these maintenance trends will play out for the balance of CY-2022.

May 11, 2022

Five Factors Driving Higher Fleet Maintenance Costs
Forecast: Fleet Costs Will Continue to Escalate

Forecast: Fleet Costs Will Continue to Escalate

Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.

March 29, 2022

Increasing Fleet Expenses are Straining Corporate Budgets

Increasing Fleet Expenses are Straining Corporate Budgets

Despite continued supply chain issues, fleets are tasked with replacing vehicles. In this State of the Fleet Industry video, Mike Antich explores current inventory and ordering challenges, gas prices, fleet maintenance costs and controlling a budget.

March 14, 2022

Inflationary Price Pressures Increase Maintenance Costs

Inflationary Price Pressures Increase Maintenance Costs

Among the factors contributing to increased maintenance expenses has been increased miles driven, supply chain constraint, parts shortages, longer downtime, and a tech shortage exerting inflationary pressures on labor rates.

March 7, 2022

Preventative Maintenance Costs Increase 3-5% in 2021

Preventative Maintenance Costs Increase 3-5% in 2021

A variety of factors converged to exert upward pressure on preventive maintenance costs, such as longer vehicle service lives due to limited product availability, the ongoing transition to synthetic oils, and higher labor rates to attract scarce technicians.

November 1, 2021

Unscheduled Maintenance Costs Increase 3% in CY-2021

Unscheduled Maintenance Costs Increase 3% in CY-2021

Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.

November 1, 2021

Higher Commodity Prices Exert Upward Cost Pressure on Tires

Higher Commodity Prices Exert Upward Cost Pressure on Tires

Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.

October 26, 2021

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

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

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