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TCO

A truck’s total cost of ownership (TCO) covers a specific range of expense variables, regardless of the make or model. The four lifecycle categories that influence TCO are fixed costs, operating expenses, incidental costs, and depreciation/resale value. A key factor that drives these lifecycle categories is a vehicle’s service life. 

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Wholesale Fleet Vehicle Values Fall 1% in June

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

The Disconnect Between Fleet Managers & Procurement Managers

Most in procurement take the position that fleet’s primary responsibility is to buy assets and services, which annually can range from millions to tens of millions of dollars in expenditures. This amount of corporate spend requires it be managed by someone with superb negotiation skills and proven procurement acumen.

Fleet Operations, Finance Departments Not Seeing Eye to Eye

Corporate finance departments and fleet managers bring different perspectives to priorities such as vehicle acquisition, cost reduction measures, and maintenance and repair that can create obstacles such as "a significant lack of communication," according to a new survey from Fleet Advantage.

The Economics of Sedans vs. SUVs

Fleets are gravitating away from sedans and toward SUVs/crossovers, due in part to their improved MPG, roomier interior, and AWD options.

Controlling Fuel Costs as Gas Prices Rise

The cost of gasoline has been on the rise this year. These higher gas prices could pose a direct threat to a fleet’s overall costs. Implementing technologies and considering alternative fuel vehicles could help curb costs.

Trends in Vehicle Capital Costs

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

Federal Reserve Keeps Rates Steady

The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75% on Wednesday, but hinted at a possible rate hike in June with inflation creeping closer to its 2% goal.

Vincentric Names Best Fleet Values for 2018

Ford or Lincoln vehicles have captured the most awards by a single manufacturer among the 39 vehicles named to Vincentric's Best Fleet Value in America list for the 2018 model year.

Upward Pressure on Fleet Costs Threatens to Increase TCO

Recently, I conducted a survey of several hundred fleet managers to identify emerging industry trends. One recurrent theme expressed by fleet managers was the concern that fleet costs are starting to experience upward pricing pressures. Here's what they told me.

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