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Fleet FAQ? Fleet Management & Leasing

Q. What is the right lifecycle strategy for my fleet?

February 2, 2017

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A. The best way to answer this question is to evaluate the facets of your business and the organization’s historical fleet usage. There is no one formula for determining the short-lifecycle versus long-lifecycle tipping point, which is why careful evaluation using predictive analytics is so important. Using actual fleet and market data to understand how key factors impact total cost of ownership for either scenario is crucial to understanding which strategy may be a good fit. At the same time, giving consideration to business operations and the bottom line is a critical piece of the equation.

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Author Bio

Jack Firriolo

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Chief Operating Officer

Jack Firriolo is the Chief Operating Officer at Merchants Fleet Management. As a member of senior leadership Jack not only provides vision for the company, but also delivers best-in-class results across all operating areas. As a business industry expert Jack is relied on to oversee the completion of information technology projects, and to help grow the Merchants Fleet Management brand.

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Aftermarket refers to a secondary market of the automotive industry and covers the installation of vehicle parts after the sale of the vehicle to the consumer. Aftermarket parts are parts that are installed on a vehicle once it's been sold to the end user. Sometimes parts are installed "aftermarket" because an owner wants higher performance equipment or alternative parts than what is installed at the factory. 

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