The 134th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market.
🎙Today's topics include:
Fleet managers report increasing pressure from their management to identify areas to control fleet costs.
Total fleet costs are proportional to total fleet size. Fleet costs are directly proportional to the total number of vehicles in operation, which, in turn, drives all fixed and operating costs, such as fuel, maintenance, depreciation, accident repair costs, etc.
Fleets need to identify low-utilization vehicles and consider whether a driver should be shifted to a monthly allowance or cents-per-mile reimbursement program.
“Vehicle hoarding” is occurring at some fleet operations because out-of-service or low-utilization vehicles are being retained “just in case” they are needed.
Fleet inventory management must be an integral part of any cost containment fleet strategy.
📰 Sign up for theAutomotive Fleet newsletter.
🤝 Follow and connect with Automotive Fleet on social media!
Connect with Automotive Fleet on LinkedIn.
FollowAutomotive Fleet on Twitter.
🎧 Prefer to listen? Check out the State of the Fleet Industry podcast!
Subscribe to SOTFI on Apple Podcasts.
Follow SOTFI on Spotify.