MANAGING 10-50 COMPANY VEHICLES
A lifecycle cost analysis that incorporates a work vehicle’s productivity can lead to greater fleet utilization and decreased fleet spend.
Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.
This analysis shows that ownership costs for vans with similar powertrains, GVWR, and capacities can vary by manufacturer as much as $9,000.
With reasonable duty cycles, electric vehicles can work for fleet — and they return favorable overall ownership costs.
The 2015 Ford F-150 has been rated to have the lowest impact on the environment, lowest cost of ownership, and the top-rated production chain in terms of social justice among full-size pickup trucks, according to an automotive research firm.
A variety of approaches can be used, each with their own advantages and disadvantages that must be considered.
Waiting too long can result in unnecessary wear-and-tear, expense, and lost productivity. Making the decision too soon can result in higher capital expenses and depreciation costs. The key is finding the perfect balance.
With many options and trim levels to choose from, lifecycle costs vary greatly within the same model.
More than a third of fleet managers identified driver safety as their top concern in a survey conducted by GE Capital Fleet Services. Driver safety remained the top concern over cost-savings goals and workforce productivity for the second year in a row.
Truck lifecycles can be calculated to the mile and the dollar. This can help fleets replace vehicles at the optimal moment.