According to Vincentric, fleet cost per mile for most vehicle categories decreased slightly in the third quarter, while the Pickup and SUV categories remained the same.
Driver costs, equipment costs, insurance costs, travel and food costs may have longer-term legs of reducing the purchasing power of your budget, says HDT's Contributing Economic Analyst Jeff Kauffman.
Thanks to IoT devices, AI, machine learning, telematics, and data analytics software, fleet managers continue to increase vehicle uptime, helping to improve the total cost of ownership.
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