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Fleet Costs

Granular Deep Dive on Why Parts Prices are Increasing

No one predicted the spike in replacement parts prices over the past several years nor the delays in getting out-of-stock parts. This assessment explains how these numerous price increases add up to big expenditures raising TCO.

Analysis of Three Cost Containment Strategies

A cost-deferral strategy simply defers or moves expenditures to future fiscal years. Cost-saving measures seek to lower current spending levels. Cost-avoidance initiatives are actions that eliminate incurring a cost in the future.

Forecast: Fleet Costs Will Continue to Escalate

Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.

15 Predictions for the Fleet Market in CY-2022

When looking ahead to the next 12 months, it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices will likely continue to trend upward, and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.

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