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Operating Costs

Most of the subject matter experts that we spoke to expect an increase in tire prices, although predicting future tire costs is difficult due to variables that influence tire pricing.

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Upward Pricing Pressuring Fixed and Operating Costs

Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.

Which EVs Have the Lowest Total Cost of Ownership for Fleets?

Included in this groundbreaking total cost of ownership study for fleets are battery-electric models including BMW i3, Chevrolet Bolt, Nissan Leaf, and Tesla 3, as well as plug-in hybrid electric models such as Chevrolet Volt and Hyundai Ioniq Plug-In Hybrid.

TCO Is Not a Static Number

A vehicle’s total cost of ownership is comprised of its fixed costs, operating expenses, and depreciation per year or during the course of its service life, minus its anticipated resale value. During the course of a vehicle’s service life, TCO is subject to change due to a vehicle’s age and numerous external factors, which has a direct bearing on replacement policies.

How Technology Streamlines Procurement

The fleet procurement process, like most other aspects of fleet, is heavily dependent on the capabilities of modern-day technology. Online-based procurement systems help fleet and procurement professionals understand more about their operations so they can make impactful decisions.

Biggest Challenges Facing Vocational Fleet Managers

To get the pulse of the vocational truck and van market, I reached out to a wide cross-section of fleet managers around the country to find out what’s on their minds. Here’s a snapshot of what they told me.