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TAG SEARCH RESULT: GE Capital Fleet Services

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Why Element Wants to Buy the Fleet Businesses of GE Capital

Element Financial Corp. has reached a definitive agreement to buy GE Capital's fleet assets in the U.S., Mexico, Australia, and New Zealand. Separately, Arval will acquire the European portion of GE's fleet business.

The Impact of Larger Diameter Tires on Fleets

The average replacement tire cost per month rose 15 percent, and, on a cost-per-mile basis, rose 10 percent in 2012 compared to 2011. There are a variety of factors influencing tire costs, such as commodity prices and increased global demand; however, the industry-wide retail trend to larger diameter OE tire sizes is a key factor in driving up replacement tire prices in the past decade.

Maintenance Costs Up Due to Frequency of Repair Increases

Maintenance costs increased in 2009 due to higher cost of replacement tires, PM oil changes, and labor rates. However, the biggest factor was widespread deferment of vehicle replacement, resulting in the operation of older units.

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Author Bio

Mike Antich

Editor and Associate Publisher

Mike has covered fleet management and remarketing for more than 20 years and entered the Fleet Hall of Fame in 2010.

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