Fleet managers are being challenged by out-of-control new-vehicle acquisition and repair costs. Auto parts prices have reached unreasonable levels that no procurement manager could ever have fathomed five years ago.
The forecast of the cost of maintenance and unscheduled repair is anticipated to go up in CY-2021.
Higher fuel prices and maintenance costs, along with upward pressure on maintenance labor rates are a few of the factors increasing fleet operating costs.
A new report from the TMC/FleetNet America Vertical Benchmarking Program showed roadside failures rose 22% in first quarter of 2019 compared with the fourth quarter of 2018.
General Motors has signed up nearly 1,000 dealers and repair shops for its GM Collision Repair Network, the automaker has announced.
Following its Chapter 11 bankruptcy filing, Sears Holdings Corp. plans to close another 142 stores by the end of the year, and Edward Lampert will step down as chief executive but remain chairman.
Although repair incidents were flat, other fleet-related maintenance expenses were up in calendar-year 2017, primarily in labor rates and parts prices. PM costs were up around 3%, while replacement tire costs increased 5-10%.
Fleet maintenance costs have remained flat over the past 12 months, with the primary factor being increased overall vehicle quality. Other repair costs adjusted for inflation, were, on average, consistent with those in CY-2016.
Fleet passenger car maintenance expenses declined by 7%.
Fleet maintenance costs have remained flat over the past 12 months, compared to CY-2015, despite price increases in replacement parts and labor rates. The primary factor keeping prices flat is overall vehicle quality.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
