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Budgeting for fleet vehicles is more pronounced than ever. Here is how to navigate IRS mileage reimbursement for fleet management.
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A study reveals the difference in miles driven between internal combustion engine and all-electric vehicles.
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The rule of thumb has been to replace vehicles before the operating costs trend line starts to exceed that of fixed costs. But what happens when you can’t source replacement vehicles due to order allocation restrictions?
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In the Coronavirus new normal, fleet managers need to keep a finger on the pulse of these emerging trends: take-home privileges; vehicle shortages and accident repairs; insurance adjusters; and massive mileage fluctuations.
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Topics mentioned in today's video includes: fleet segments that are showing signs of recovery; fleet mileage and fuel consumption trends during the pandemic; a decline in carbon emissions; how the election could impact future alt-fuel mandates; and trend analysis of the wholesale resale market.
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In the current economic climate, getting the most value out of present assets by reducing vehicle wear and tear, increasing fuel economy, and promoting sustainability — and then measuring it all — is the new normal.
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Are your fleet drivers using company vehicles for personal use? Setting policies regarding family use, age limits, driving infractions, and other behaviors helps reduce risks and limit liability.
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The recent U.S tax law changes created a problem for employers who use a non-accountable vehicle reimbursement plan. Negative feedback has some companies reconsidering the viability of offering company-provided vehicles to help key employees mitigate the adverse impact of eliminated tax deduction.
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By implementing one or two new strategies — such as timing sales based on mileage or seasonality, expanding sales channels, or considering purchasing options — small fleet operators can return more money to their fleet’s bottom line.
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