THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE

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Maintenance Costs

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.

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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.

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.

Fleets Concerned About Rising Operating Costs

Higher fuel prices and maintenance costs, along with upward pressure on maintenance labor rates are a few of the factors increasing fleet 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.

Labor Shortage Increases But Economic Uncertainty Emerges

The robust economy is creating record numbers of new jobs and a subsequent labor shortage that is being exacerbated by the large wave of Baby Boomer retirements, but some see uncertainty of future market conditions.

9 Questions to Ask When Determining Your Truck’s Lifecycle

Determining when exactly to cycle your vehicles is a fine balance among many factors, from acquisition, through operation, and resale or asset disposal. Here are nine questions to answer when you’re deciding when and how to best cycle your trucks.

Higher Labor Rates Pushing Up Total Fleet Maintenance Costs

More complex vehicle technology, higher labor rates due to the ongoing skilled labor shortage, higher tire prices, and increased use of synthetic motor oils are putting upward pressure on overall fleet maintenance costs.

Fleet Oil Drain and PM Costs Increase Again in 2019

More OEMs are adopting more stringent motor oil requirements for new models increasing total PM costs, year-over-year, as more vehicles are required to use synthetic oils, which cost more than mineral-based oils.

Webinar to Explore How Fleets Can Keep Maintenance Costs in Check

Heavy Duty Trucking magazine is hosting a free webinar on Aug. 29 about how fleets can stay on top of and even lower their maintenance costs.