Budgeting for fleet vehicles is more pronounced than ever. Here is how to navigate IRS mileage reimbursement for fleet management.
Vehicle ownership and operating cost analyses reveal inflation, fuel prices, and acquisition costs underpin new mileage rate.
Supply and demand shifts over the last two years have had ripple effects on purchasing patterns, the condition of used assets, and pricing.
In the Coronavirus new normal, fleet managers need to keep a finger on the pulse of these emerging trends: take-home privileges; vehicle shortages and accident repairs; insurance adjusters; and massive mileage fluctuations.
In the current economic climate, getting the most value out of present assets by reducing vehicle wear and tear, increasing fuel economy, and promoting sustainability — and then measuring it all — is the new normal.
Are your fleet drivers using company vehicles for personal use? Setting policies regarding family use, age limits, driving infractions, and other behaviors helps reduce risks and limit liability.
The recent U.S tax law changes created a problem for employers who use a non-accountable vehicle reimbursement plan. Negative feedback has some companies reconsidering the viability of offering company-provided vehicles to help key employees mitigate the adverse impact of eliminated tax deduction.
A tire veteran provides tips to keep in mind when shopping for a tire that would best fit your fleet's needs. It's not always about price; it's also about efficiency and mileage.
By implementing one or two new strategies — such as timing sales based on mileage or seasonality, expanding sales channels, or considering purchasing options — small fleet operators can return more money to their fleet’s bottom line.
If you asked fleet managers what the industry average is for personal use of company vehicles, most would say it is approximately 15-18 percent. But, is it? Most of us will agree that some drivers fudge their personal-use mileage, but no one knows by how much. There is a growing suspicion that personal-use mileage is far greater — perhaps substantially greater — than what the industry accepts as conventional wisdom.
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