Managing the Financial Side of Commercial Fleets

Fleet Financials – Issue

May 2017

Cover Story By Eric Gandarilla
Ways to Reduce Fleet Fuel Costs

Even with the current low cost of fuel, fuel continues to account for a large percentage of a fleet’s operating budget. Today, there are a number of strategies companies can implement to reduce the amount of money spent on fuel.

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Features

Photo courtesy of pixabay.com Types of Driver Reimbursement

By Andy Lundin

There are four types of driver reimbursement models: IRS business mileage reimbursement rate, a fixed allowance, the Fixed and Variable Reimbursement Rate (FAVR), and a hybrid model that uses the FAVR guidelines but delivers the driver payment in a cents-per-mile model.

Photo of Tesla Model X SUV courtesy of Green Commuter. Green Commuter Offers Tesla SUVs to Vanpool Users

By Eric Gandarilla

Through its proprietary technology, Green Commuter is giving its van pool users the ability to rent out their vehicles to neighboring companies that want to supplement their fleets with an additional vehicle during the day.

Graphic courtesy of Getty Images. The State of Executive Fleet Programs

By Eric Gandarilla

Recent years have shown that companies still favor executive fleet programs as a way to attract and retain top talent. However, there are also some factors that are driving executive fleet sizes down for some companies.

Photo of Red Hawk Fire & Security fleet vehicle courtesy of ARI. Red Hawk Fire & Security Bolsters its Safety Program

By Andy Lundin

Driver training modules and a scorecard program helped curb the fleet’s safety concerns.

Photo courtesy of Getty Images. Driver Reimbursement Perks and Pitfalls

By Andy Lundin

While fleets typically gravitate toward company provided models, there are legitimate reasons they might want to consider utilizing a reimbursement program. However, there are a number of caveats fleets should consider.

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

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Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

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MSRP stands for manufacturer’s suggested retail price.

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Blog

Market Trends

Mike Antich
Forecast Is for Fuel Prices to Remain Low for the Foreseeable Future -- Maybe Longer

By Mike Antich
Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.

Snapshot of Fleet Manager Concerns and "Pain Points"

By Mike Antich

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Driving Notes

Paul Clinton
2017 Kia Niro Hybrid

By Paul Clinton
The 2017 Kia Niro is a gasoline-electric hybrid that seemingly appeals to buyers of subcompact SUVs, as well as those hearts and minds with a greener hue.

2017 Jeep Compass 4x4

By Paul Clinton

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Nobody Asked Me, But...

Sherb Brown
The House of Electric Vehicles

By Sherb Brown
It’s becoming clear that there are some real changes brewing in our industry: everything from powertrains to new vehicle classes, to autonomous vehicles, and new safety technology.

Who’s Up Next?

By Sherb Brown

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In Memoriam: Coach's Insights

Ed Bobit
Thinking of the Newbies of the Future

By Ed Bobit
A lot has changed in the past 10-15 years, so we can only imagine this momentum will continue into the next decade-plus. How will this change impact the fleet manager of tomorrow?

Managing a Car vs. Work Truck Fleet

By Ed Bobit

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