At the National Association of Fleet Administrators (NAFA) conference in April, LeasePlan USA senior vice president of corporate fleet Jon Stafford made it clear how he regards total cost of ownership (TCO) as a tool to help manage his fleet, his people, and his company – he doesn’t. Because TCO is dead.
May 11, 2022
Big Data, tax law changes, new vehicle options, fuel prices, and more, are impacting fleets decisions about when to replace their trucks.
May 6, 2019
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.
March 19, 2019
The procurement function of researching, negotiating contracts, and purchasing fleet vehicles must harmonize with the management of those assets, so the corporation can achieve the most efficient and best utilization of a fleet’s vehicle lifecycle.
October 8, 2018
Depreciation, new vehicle prices, and residual value all affect businesses with mobile workforces – here’s what to expect.
June 25, 2018
As consumers and automakers continue to migrate away from sedans toward crossovers, there are no clear winners when analyzing total cost of ownership of individual models.
November 27, 2017
Although total cost of ownership is usually thought of in terms of fixed and variable vehicle expenses, vendor fees play a role as well. Here are some strategies fleet managers can use to reduce both.
November 11, 2016
Money considerations drive much of the decision making when choosing vans or pickups, but function also plays a crucial role.
May 20, 2016
Ford addresses vehicle engineering, parts pricing, insurance costs and auto body shop training in regards to keeping repair prices in check.
June 3, 2015
Government-mandated CAFE standards are exerting pressure on OEMs to develop smaller, more lightweight models and add more alt-fuel vehicles and hybrids to their lineups. Lower fuel costs will shift TCO focus to depreciation.
January 7, 2015
One of the “fleet management basics” is determining vehicle selection: what type, make, model, and equipment are best suited to the company fleet mission.
November 14, 2014
A company vehicle is an important and treasured asset. Fleet managers need to use their professional judgment to determine who gets cars and who doesn’t.
June 30, 2014
There are many building blocks in the edifice of successful fleet management. From vehicle selection to assignment, and from replacement cycles to policy, everything has its place. One of the basic foundations of any fleet operation is the preventive maintenance schedule.
January 17, 2014
After five years and 15,000 miles of driving per year, are there any hybrids that actually have a lower cost of ownership than their gas-engine counterparts? One unexpected vehicle takes the prize.
March 27, 2012
Not only will the market share for the closed-end lease grow, but so will its impact on fleet. A desire for predictable budgeted payments and fewer surprises at resale has prompted a renewed interest in the closed-end lease.
February 1, 2007