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Cost containment is the issue of the day as national economic and future market conditions remain uncertain for the latter half of this year and into calendar-year 2024.
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The forecast of the cost of maintenance and unscheduled repair is anticipated to go up in CY-2021.
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Today’s video looks at the top trends driving fleets, which includes: fleet budgets constraints; fleet utilization and rightsizing; and potential future changes to taxation and regulatory compliance.
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Topics mentioned in this video include a look at the strong August U.S. jobs report and purchasing manager index (PMI); commercial fleet ordering declines in August 2020; how company budget cuts may have impacted fleet sales; and rightsizing considerations due to an increase in virtual communications with customers and prospective customers.
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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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Much of the future of fleet management hinges on the ongoing changes that are occurring in the automotive industry.
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Connected-vehicle technology produces data fleet managers can use to inform utilization and rightsizing decisions.
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Connected-vehicle technology touches nearly aspect of fleet-based businesses. Plug in to discover all the ways big data, systems integrations, and new and exciting features are driving safety, efficiency, and productivity for automotive fleets.
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While fuel prices are on the rise, fleets have myriad ways to curb fuel costs within their organizations.
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Even with the current low cost of fuel, fuel continues to account for a large percentage of a fleet’s operating budget. Today, there are a number of strategies companies can implement to reduce the amount of money spent on fuel.
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