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Vehicle Repairs

Top 7 Fleet Maintenance Trends in CY-2021 & 2022

Vehicle maintenance expenses declined in CY-2020 primarily due the COVID lockdowns, but are trending upward in 2021. The forecast for CY-2022 is for maintenance costs to further increase due to higher labor rates and tire expenses.

Is Fleet Sovereign in a Corporate Structure?

Fleet is a department, not unlike human resources, legal, or accounting, and it interacts with all of these and others. But can fleet management stand alone within the corporate structure?

COVID-19 Offers Opportunity to Make a Dent in the Technician Shortage

Now is when the fleet industry should be proactively identifying these future technicians. The fleet industry has a window to tap into this idled labor pool, who will look attractive to other industries experiencing labor shortages leading to increased competition to recruit this talent.

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.

Crash Costs on the Rise for Businesses

Vehicle crash costs incurred by businesses from insurance premiums, repairs, lost productivity, and other expenses amounted to $57.9 billion in 2018 as compared to $47.4 billion in 2013, according to a new report.

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