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The biggest factor behind the spike in medium-duty operating costs was the increase in diesel prices, which jumped 32 percent from the then-historical high in 2007. Other factors included increased labor rates and higher taxes.
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According the 2009 edition of AAA's "Your Driving Costs," motorists spend 54 cents per mile on average, only 0.1 cent drop from 2008.
Read More →For calendar-year 2008, the year-to-date cost of fuel has increased 30 percent, the price for replacement tires rose 5-10 percent, and the cost for non-warranty maintenance services was up 5 percent.
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In many cases, replacing an old fleet vehicle engine with a rebuilt or remanufactured engine is more cost-effective than buying a new car or truck.
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The key reason for the increase was the cost of fuel, in particular, diesel fuel. This has also led to price increases for other oil-based products such as tires, which increased 4% to 7% in the past year. Other PM costs remained flat.
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Fleet operating costs have increased, but at a slower pace than 2006. Across all vehicle segments, this increase was directly attributable to increased fuel costs, with a domino effect for other oil-based products such as tires.
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The high cost of fuel was the key reason for increased operating expenses. The spike in fuel prices also contributed to the higher cost of replacement tires and, indirectly, to higher maintenance expenses.
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Continued use of recapped tires and lengthened PM intervals have kept medium-duty truck operating costs relatively flat for utility/railroad, delivery, and service fleets in 2004.
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