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Forecast of Fleet Maintenance Trends in 2021
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

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

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

Operating Costs Inch Up for Second Consecutive Year

Operating Costs Inch Up for Second Consecutive Year

Fleet operating costs increased in CY-2019 due to higher PM costs, ongoing pressure to increase maintenance labor rates to address the widespread tech shortage, and higher prices for commodities to manufacture replacement tires.

October 25, 2019

4 Cost-Saving Initiatives Fleets Can Leverage

4 Cost-Saving Initiatives Fleets Can Leverage

Fleet managers are constantly tasked with coming up with new ways to reduce costs. Two fleet industry professionals present multiple strategies to help facilitate that goal.

July 23, 2019

How Technology Streamlines Procurement

How Technology Streamlines Procurement

The fleet procurement process, like most other aspects of fleet, is heavily dependent on the capabilities of modern-day technology. Online-based procurement systems help fleet and procurement professionals understand more about their operations so they can make impactful decisions.

February 5, 2019

Higher Motor Oil Prices Nudge Preventive Maintenance Costs Up

Higher Motor Oil Prices Nudge Preventive Maintenance Costs Up

Citing the higher cost of crude oil, many major manufacturers of finished lubricant products increased prices from 5% to 8% in CY-2018. Plus, each model-year, more OEMs require the use of more expensive synthetic motor oils.

November 30, 2018

Trends in Vehicle Capital Costs

Trends in Vehicle Capital Costs

Depreciation, new vehicle prices, and residual value all affect businesses with mobile workforces – here’s what to expect.

June 25, 2018

Eliminating Hidden and Soft Fleet Costs

Eliminating Hidden and Soft Fleet Costs

It never ends; management wants cost reduction, and fleet managers must come through, year after year. Beyond those ‘hard’ costs that are easily measured are soft and hidden costs that are equally important. Here are some tips on finding, and eliminating such costs in your fleet.

March 12, 2018

Warranty Recovery Costs Remain Flat for 2017

Warranty Recovery Costs Remain Flat for 2017

Higher acquisition prices and longer service lives are contributing to a higher total cost of ownership. An under-utilized way to manage fleet costs is to have an effective program to successfully manage warranty recovery.

November 3, 2017

Fleet Incentives

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