THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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Operating Costs

Replacement Tire Prices Moderate to Rate of Inflation

Replacement tire prices are driven by raw material costs, which in CY-2019 were less volatile, but higher nonetheless. Tire prices increased slightly higher than the rate of inflation, which was partially offset by improvements in tread wear longevity.

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.

Which EVs Have the Lowest Total Cost of Ownership for Fleets?

Included in this groundbreaking total cost of ownership study for fleets are battery-electric models including BMW i3, Chevrolet Bolt, Nissan Leaf, and Tesla 3, as well as plug-in hybrid electric models such as Chevrolet Volt and Hyundai Ioniq Plug-In Hybrid.

4 Cost-Saving Initiatives Fleets Can Leverage

Fleet managers are constantly tasked with coming up with new ways to reduce costs. Two fleet industry professionals at a NAFA meeting presented multiple strategies to help facilitate that goal.

Cost Variables Influencing the Commercial Fleet Market

Overall improved business conditions opened pent up demand for replacement units, especially in the oil sector and construction, which in the prior several years had scaled back new-vehicle acquisitions due to stagnant growth.

10 Trends: Vocational Work Trucks Cost of Ownership

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.