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Maintenance Costs

Vincentric Adds Maintenance Costs to Data Stream

Vincentric has begun offering more in-depth maintenance data as part of its automotive cost-of-ownership database covering more than 45,000 vehicles, the Bingham Farms, Mich.-based data provider has announced.

Advanced Safety Systems Cost Twice as Much to Repair

Vehicles equipped with advanced driver assistance systems (ADAS) can add on average an extra $3,000 to the repair bill after a crash due to pricey sensors and their calibration requirements, according to new research from AAA.

Diesel Vans Beat Gasoline Models in Total Ownership Cost

Diesel-powered cargo vans are providing fleet buyers with a lower total cost of ownership than gasoline models, while many diesel-powered trucks aren't recouping the higher acquisition cost, according to a Vincentric analysis.

Using Performance-Based Incentives to Optimize the Cost-Effectiveness of Fleet Operations

A fleet cost reduction program goes straight to the corporate bottom line. If a company operates at a 10% annual net profit margin, reducing annual fleet expenses by $100,000 is the equivalent of generating $1 million in sales. Although fleet managers manage hundreds of thousands to tens of millions of dollars in corporate assets, only half are incentivized to achieve targeted performance goals. I advocate incentivization should be a universal best practice extended to all fleet managers.

Higher Labor, Parts Drive Up Fleet Maintenance Costs

Although repair incidents were flat, other fleet-related maintenance expenses were up in calendar-year 2017, primarily in labor rates and parts prices. PM costs were up around 3%, while replacement tire costs increased 5-10%.

Maintenance Costs Remain Flat Despite Rising Labor Rates

Fleet maintenance costs have remained flat over the past 12 months, with the primary factor being increased overall vehicle quality. Other repair costs adjusted for inflation, were, on average, consistent with those in CY-2016.

Overt & Hidden Costs of Extending Truck Replacement

Extending truck replacement cycling parameters beyond stated fleet policy is typically a short-term tactic used by senior management to solve a budgetary constraint; however, there are long-term fleet consequences to this strategy.

Cost of Flat Tire to a Fleet Detailed

Fleet Financials’ inaugural tire survey asked fleet managers how much flat tires deflated the bottom line. The answers provided an in-depth look at a perennial challenge.