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Implementing an Asset Simplification Strategy

Implementing an Asset Simplification Strategy

Simplifying asset specifications by narrowing the number of chassis, bodies, equipment, and other major upfit components in your fleet will reduce asset diversity and minimize many of the problems created by a diverse asset base.

December 23, 2020

Enterprise Fleet Management’s Growth Strategy & Business Outlook
Holman Enterprises: Vision for the Future of Fleet Management
Forecast of Fleet Maintenance Trends in 2021
Ford’s Strategy to Increase Commercial Vehicle Sales with End-to-End Services
Low Demand Flattens Fuel Prices in 2020

Low Demand Flattens Fuel Prices in 2020

The largest fleet operating expense is fuel, which traditionally represents approximately 60% of all operating costs. However, the decreased miles driven by fleets during the pandemic was the No. 1 factor contributing to keeping fuel costs flat in 2020.

November 3, 2020

Forecast of Tire Prices in 2021

Forecast of Tire Prices in 2021

The ultimate outcome of the pandemic and the strength of the economic recovery are driving many predictions on future pricing.

November 3, 2020

Tire Costs Flat but Expect Higher Prices in 2021

Tire Costs Flat but Expect Higher Prices in 2021

Reduced tire demand and a decrease in overall miles driven have caused tire manufacturing volume to decline in 2020, creating a downstream ripple effect softening commodity prices for natural rubber, but this may change in 2021.

October 29, 2020

Total Fleet Maintenance Costs Flat in CY-2020

Total Fleet Maintenance Costs Flat in CY-2020

Although unscheduled maintenance increased due to extended service lives, prolonged inactivity during the COVID lockdown, and longer downtime due to parts shortages, costs were flat as vendors refrained from price increases.

October 28, 2020

Pandemic's Disruption Keeps 2020 Fleet Operating Costs Flat

Pandemic's Disruption Keeps 2020 Fleet Operating Costs Flat

The COVID-19 pandemic divided the fleet market into essential and non-essential businesses, causing hundreds of thousands of company vehicles to sit idle from mid-March to mid-May. The economic shutdown caused miles-driven to plummet.

October 27, 2020

Uptick in Mobile Maintenance in 2020

Uptick in Mobile Maintenance in 2020

One trend that is gaining momentum among commercial fleets during the pandemic is the use of mobile maintenance vendors. There has been a substantial uptick in fleet requests for mobile maintenance solutions as fleet managers look to minimize downtime and the administrative burden of taking their vehicle to a repair shop and having the driver wait.

October 27, 2020

Replacement Tire Transaction Costs Up Slightly in CY-2019

Replacement Tire Transaction Costs Up Slightly in CY-2019

Although prices for replacement tires increased 3% per unit per month in calendar-year 2019 compared to CY-2018, the per transaction tire costs were up less than 1% for fleets buying at pre-negotiated national account prices.

March 18, 2020

Passenger Vehicle Maintenance Spend Increased 4% in CY-2019

Passenger Vehicle Maintenance Spend Increased 4% in CY-2019

Average repair cost per unit increased in 2019, primarily due to higher labor rates. Also, PM costs were up as more units require more expensive synthetic oil. Tire price per unit, on average, increased 3% in the past 12 months.

March 17, 2020

Containing Fuel Spend Is a Top Fleet Focus Despite Price Stability
Upward Pricing Pressuring Fixed and Operating Costs

Upward Pricing Pressuring Fixed and Operating Costs

Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.

December 13, 2019