July 22, 2008
CHICAGO – USTelematics, Inc. has released a report titled, "USTelematics: Where It's Been and Where It's Going," now available online.
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By Mike Antich Replacement tires are the third-largest expense category for fleets. In the past three years, this expense category has grown as a result of multiple price increases from all major tire OEMs. In 2008, year-to-date tire replacement costs have increased 4-10 percent. This follows a 3-4 percent price increase in 2007 and an 8-10 percent price increase in 2006. The consensus is replacement tire prices will increase again in 2009.
By Mike Antich The number one threat to fleets continues to be the price of fuel, despite the fact that fuel prices have been declining due to the global economic slowdown. Year-to-date, the cost of fuel has increased 30 percent in 2008 compared to 2007. The Energy Information Administration is projecting fuel to average $3.82 per gallon in calendar-year 2009. Fuel is the potential game changer of the fleet industry. Consider two recent examples as harbingers of things to come.
By Mike Antich
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In This Issue: 15 Nominees Vie for 2008 Fleet Manager of the Year, Tire & PM Costs Increased Car Maintenance Expenses in 2007, Economic Slowdown Causes Fleet Resale Value to Decline and much more…