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Vehicle maintenance expenses declined in CY-2020 primarily due the COVID lockdowns, but are trending upward in 2021. The forecast for CY-2022 is for maintenance costs to further increase due to higher labor rates and tire expenses.
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Despite high build quality, vehicle maintenance costs are trending up due to increased advanced technology content, skilled labor shortages, higher tire prices, and more engines requiring synthetic oils and high-capacity oil pans.
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Running your fleet vehicles longer isn't always the most cost-effective choice.
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