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Operating Costs

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.

TCO Is Not a Static Number

A vehicle’s total cost of ownership is comprised of its fixed costs, operating expenses, and depreciation per year or during the course of its service life, minus its anticipated resale value. During the course of a vehicle’s service life, TCO is subject to change due to a vehicle’s age and numerous external factors, which has a direct bearing on replacement policies.

How Technology Streamlines Procurement

The fleet procurement process, like most other aspects of fleet, is heavily dependent on the capabilities of modern-day technology. Online-based procurement systems help fleet and procurement professionals understand more about their operations so they can make impactful decisions.

Top Articles of 2018 on AutomotiveFleet.com

Articles about accident management, innovative fleet managers, and order-to-delivery were among the most-viewed of 2018 on AutomotiveFleet.com, as fleet professionals continue to seek out practices to help them manage their fleets in a more efficient way.

Fuel Prices Increase Fleet Operating Costs

Higher fuel pricing has been the No. 1 factor contributing to higher operating costs in calendar-year 2018. Since fuel makes up the largest portion of fleet operating costs, it has strongly contributed to the increase in total fleet spend.

Volvo's XC40 Tops Kelley's Best Buys

Kelley Blue Book has rated Volvo's XC40 as its best new model among its 2019 Best Buy award winners, which offer high value at purchase and during the ownership experience, according to the vehicle valuation firm.